Elon Musk
Elon Musk’s financial rise shows no signs of slowing down.
The outspoken entrepreneur is now the fourth richest person in the world after Tesla Inc. shares rose 11% on Monday, closing at a record high and boosting Musk’s net worth by $ 7.8 billion.
The rise vaulted the co-founder Tesla past French luxury tycoon Bernard Arnault, the richest non-American on the Bloomberg Billionaires Index. Musk’s $ 84.8 billion fortune puts him within $ 15 billion of Mark Zuckerberg, number three on the list of the 500 richest people in the world.
Monday’s Tesla rally is just the latest triumph for the billionaire who was sacked just two years ago by the U.S. Securities and Exchange Commission and had to resign as chairman of the electric carmaker over rough tweets. Tesla shares are up 339% this year, driven by growing expectations that the company will be included in the S&P 500 index.
Read more: Tesla’s Musk is weeks away from next multibillion-dollar payout
Musk’s Space Exploration Technologies Corp., or SpaceX, is able to potentially further support its fortune. The company is close to finalizing $ 2 billion in new financing that would increase its share value to $ 46 billion, Bloomberg reported last week.
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 winner this year, up $ 73 billion.
– With the help of Jack Witzig
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