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No Fear No Favour

Breaking – Mukesh Ambani dropped from world’s top 10 richest businessman in the world.

The net worth of Elon Musk, the CEO of Tesla Inc., the world’s largest rich and electric car company, is growing at rocket speed. Tesla shares rose for the fifth consecutive day on Friday. According to the Bloomberg Billionaires Index, Musk’s net worth increased by $ 6.06 billion to $236 billion. This year his net worth has increased by $ 66.5 billion and now he has overtaken Amazon’s Jeff Bezos. Meanwhile, India and Asia’s biggest rich Mukesh Ambani has been out of the top 10. He recently entered the top 10, beating Warren Buffett.

Tesla shares hit an 8-month high on Friday. Jefferies analyst Philippe Houchois has raised Tesla’s price target and earnings forecast. He says that the concerns about electric vehicles in China have now come to an end. Tesla shares rose more than 3 percent on Friday. It gained an overall 7.3 per cent this week. It has gained momentum for the 8th consecutive week. Earlier in February 2020, Tesla shares had a weekly rally for 12 consecutive weeks.

Meanwhile, India and Asia’s biggest rich Mukesh Ambani has been out of the list of top 10 richest people in the world. Bloomberg Billionaires Index America’s veteran investor Warren Buffett has once again overtaken him. Ambani is at number 11 in this list with a net worth of $ 102 billion. His net worth has increased by $25.2 billion this year. Wafe has once again reached the top 10 with a net worth of $ 103 billion.

Adani Group chairman Gautam Adani remains at number 13 in this list with a net worth of $77.7 billion. He is the second richest person in India and Asia after Ambani. Only the world’s richest woman, Francoise Bettencourt Meyers, is now ranked 12th between Ambani and Adani. This year his net worth has increased by $ 44 billion.

According to the Bloomberg Billionaires Index, Tesla CEO Elon Musk is the world’s richest man with a net worth of $236 billion. Amazon’s Jeff Bezos is second on this list with a net worth of $197 billion. Bernard Arnault ($164 billion), French businessman and chairman of the world’s largest luxury goods company LVMH Moët Hennessy, is third in the list. Microsoft co-founder Bill Gates ($130 billion) is at number four.

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