Elon Musk's financial upswing shows no signs of slowing.
The outspoken businessman is now the fourth-richest person in the world after shares of Tesla Inc rose 11% on Monday, closing at a record high and boosting Musk's net worth by $ 7.8 billion.
The rise of Tesla co-founder jumped after French luxury mogul Bernard Arnault, the richest non-American in the Bloomberg Billionaires Index.
Musk's fortune of $ 84.8 billion puts him $ 15 billion behind Mark Zuckerberg, who ranks third in the ranking of the 500 richest people in the world.
Tesla's Monday rally is just another victory for the billionaire who was sued just two years ago by the US Securities and Exchange Commission and forced to resign as chairman of the electric car maker over rogue tweets. Tesla shares are up 339% this year, driven by growing expectations that the company will be included in the S&P 500.
Musk's Space Exploration Technologies Corp, or SpaceX, is preparing to increase his fortune.
Bloomberg reported last week that the company is close to completing $ 2 billion in new financing that would increase the valuation of its shares to $ 46 billion.
Musk's fortune has grown by $ 57.2 billion this year, the second largest increase in the index. Founder of Amazon.com Inc. Jeff Bezos is the biggest gainer this year, with an increase of $ 73 billion.
0 Comments