Elon Musk's Wealth Spikes $13.4 Billion, Making Him Richer Than Finland

Elon Musk is a very rich man and he's only getting richer. So much so that he could buy Finland (the country) and probably have money left over for a meal deal.

This is the result of a spike in his finances which happened in the last 24 hours of an eye-watering $13.4 billion (£9.8bn) which has increased his real-time net worth to more than $300bn... well, according to Forbes it currently stands at $310.1bn (£227bn).

dpa picture alliance/Alamy Stock Photo

Finland has a Gross Domestic Product (GDP) of $303bn (£222bn) meaning he'd actually have quite a lot leftover ($10bn to be precise) so he could buy a lot of meal deals.

Maybe even one for every resident of Finland as a way of celebrating.

It's all down to timing by the looks of things because on 8 October, a sale of shares by investors meant that SpaceX (Musk's company) became the second most valuable private company in the world.

Then on top of that, there were rumours that car rental company Hertz had splashed out on 100,000 electric cars from Tesla (another of Elon's ventures). This in turn increased share prices by 13 percent.

In that time, however, shares of Tesla started moving in the opposite direction because Musk explained that a deal with Hertz was yet to be finalised.

Bob Daemmrich/Alamy Stock Photo

Overnight, 50-year-old Musk tweeted to say: "I'd like to emphasize that no contract has been signed yet. Tesla has far more demand than production, therefore we will only sell cars to Hertz for the same margin as to consumers. Hertz deal has zero effect on our economics."

So it might be a bit in the air but he's still got more money than sense and what's he to do with it?

Well, just yesterday (1 November) the billionaire said he would sell Tesla stock if the United Nations could prove that the money would 'solve world hunger'.

Speaking to CNN, David Beasley called on Musk and Jeff Bezos (also really effing rich) to reconsider where they are putting their money.

Alamy

He said: "$6 billion to help 42 million people that are literally going to die if we don't reach them. It's not complicated."

Musk took to Twitter to call out the UN official, writing: "If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it."

He added: "But it must be open source accounting, so the public sees precisely how the money is spent."

Topics: tesla, elon musk, Rich

Rebecca Shepherd

I'm Becky - a journalist at LADbible. I graduated with a First Class BA in Journalism before going on to cover criminal court cases, medical tribunals and breaking news for the national media - which inevitably and eventually became as glum as it sounds. Can often be found rocking a bag for life - which I made a 'thing' way before Rihanna. You can contact me at [email protected]

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