REUTERS / Steve Nesius
- The personal wealth of Tesla CEO Elon Musk won nearly $ 8 billion on Monday as the stock market smelled 11% after a very low.
- Musk is now the fourth richest person in the world, according to the Bloomberg Billionaires Index.
- Overall, Musk’s net worth grew by $ 57.2 billion this year, the second-largest gain behind Jeff Bezos’ $ 73 billion increase.
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Elon Musk’s personal wealth has increased along with Tesla’s supply.
The automaker’s CEO received nearly $ 8 billion in net worth on Monday when Tesla’s share price jumped 11% and closed at a very high. Musk’s net worth is now $ 84.8 billion, making him the fourth richest person in the world, according to the Bloomberg Billionaires Index.
Musk took over Bernard Arnault, the French billionaire and CEO of luxury brand LVMH, to secure the position on the list. He is now behind Facebook CEO Mark Zuckerberg, who has a net worth of $ 99 billion.
Read more: Bruce Fraser outperformed the S&P 500 by nearly 286% as a hedge fund manager before moving to investing in real estate. He describes the strategy he used to collect more than 1,600 multifamily units.
Tesla shares have been on a downtrend this year, gaining roughly 349% and noting several highs. The company has become the most valuable automaker in the world, driven by solid selling points amid the coronavirus pandemic, a streak of profits and the potential that it could be included in the popular S&P 500 index.
Overall, Musk’s net worth grew by $ 57.2 billion this year, the second-largest gain behind Jeff Bezos’ $ 73 billion increase. The Amazon CEO is now worth $ 188 billion and is the richest person in the world.
Read more: MORGAN STANLEY: A historic shift is taking place beneath the surface of the market. Here are 5 reasons why it will redefine the investing landscape as we know it.
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