Industrialist Anand Mahindra, known for his insightful posts on social media, took to Twitter on October 19 to react to the news of Tesla CEO Elon Musk hitting the $230 billion-net worth.
Mahindra, while sharing a report which showed Musk's net worth is now equal to that of billionaires Bill Gates and Warren Buffet, said market value is no longer a multiple of current earnings.
"Market value is now not a multiple of current earnings but a multiple of audacity, ambition and courage," the chairman of Mahindra Group said.
"Rightly, that is a formula that promises outsize future earnings," his tweet further added.
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Musk, who heads aerospace company SpaceX apart from leading EV maker Tesla, is currently the world's richest person.
According to the Bloomberg Billionaire's Index, the 50-year-old's net worth crossed $230 billion on October 15. On the day this report was published, the index noted his net worth as $243 billion - way higher than Amazon founder Jeff Bezos' total wealth of $199 billion. Bezos occupies the second place on the elite list.
Gates, who is ranked fourth, has a net worth of $131 billion, whereas, Buffet with $103 billion worth is currently placed at the 10th position.
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