Musk made $ 11.5 billion in one week – Forbes / GORDON

The fortune of the co-founder of the space company SpaceX and one of the leaders of the Tesla car company, Elon Musk, grew by $ 11.5 billion in a week in the context of the rise in the price of the shares of his technology companies. The American magazine Forbes reported on February 6.

Tech stocks rallied this week amid optimists publications, Reports and statements from Wall Street analysts. Because of this, the combined fortune of 10 billionaires grew $ 74 billion in one week. Musk’s fortune has grown dramatically. Tesla shares were up 7.4% for the week. In terms of growth, they outperformed the S&P 500 (4.6% more) and the Dow Jones Industrial Average (3.9% more).

Piper Sandler analyst Alexander Potter predicted the growth of Tesla shares to $ 1,200 each, the newspaper notes. At the close of business on Friday, February 5, Tesla shares were worth $ 852.23, according to data from the Nasdaq exchange.

The fortunes of Google founders Sergey Brin and Larry Page increased by $ 10.4 billion and $ 10 billion, respectively, the magazine said. Parental Google Search Actions Alphabet for the week it rose more than 14%.

The wealth of the richest man in the world, Jeff Bezos, grew $ 7.7 billion in a week in the context of a 4.6% increase in the price of shares of his company Amazon. Another online billionaire whose fortune has grown significantly in a week is the founder of the Chinese platform Pinduoduo, Colin Zheng Huang. His fortune increased by $ 10.7 billion after the company’s shares rose more than 18%.

Now there are four Chinese billionaires among the twenty richest people in the world, the article says. A year ago, it only included Alibaba founder Jack Ma and the co-founder of the telecommunications company Tencent Ma Huethen. Now it also includes Colin Zheng Huang and Zhong Shanshan, the bottled water manager for Nongfu Spring.