That is a raise.
Tesla CEO Elon Musk added a whopping $ 5 billion to his net worth on Monday thanks to Tesla’s unending stock recovery, allowing him to end the day as the world’s fifth richest person with wealth net of $ 74.2 billion.
Musk, who recently was number 20 in the world ranking a few weeks ago, according to Forbes, is now only behind Facebook CEO Mark Zuckerberg, Microsoft’s Bill Gates, luxury goods titan Bernard Arnault and the head of Amazon Jeff Bezos.
Tesla shares soared 9.5 percent ahead of the electric car maker’s next earnings report, ending the day at a record high of $ 1,643. If you post a profit that complies with generally accepted accounting principles, you will have four consecutive profitable quarters to your credit, a key metric to add to the popular S&P 500 stock index.
The rally saw Tesla’s market capitalization end the day at 305.6 billion, nearly $ 100 billion ahead of Toyota, the world’s second-largest automaker by market capitalization.
Tesla will report its quarterly earnings on Wednesday night.
However, don’t look to the open billionaire to claim the title of the World’s Richest Man anytime soon. His $ 5 billion increase in net worth on Monday pales compared to the $ 12.9 added by Bezos, who has a fortune of $ 188.9 billion.
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