Elon Musk Gains $8 Billion Becoming the World’s Fourth-Richest Person

 

Elon Musk has now surpassed Bernard Arnault, the wealthiest non-American tycoon on the Bloomberg Billionaires Index.

Musk’s fortune increased  by $57 billion this year just slightly below Amazon.com Inc. founder Jeff Bezos’s.

$2 billion in new funding has increased the equity valuation to $46 billion for Elon Musk’s Space Exploration Technologies Corporation, known as SpaceX. This will likely fuel his wealth even further.

Tesla Inc. shares surged 11% on Monday, closing at a record high and boosting Musk’s net worth by $7.8 billion. Let’s not forget,Tesla shares skyrocketed to 353% this as Tesla will be included in the S&P 500 Index. At this point, it could become a DOW darling with all the future prospects and developments the company has planned.

 

Elon Musk Calls for War on Amazon

Elon Musk Skyrockets Past Warren Buffett’s Billionaires Ranking

What Does Walmart Have That Amazon Doesn’t?

 

Comments


CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Full Disclaimer

%d bloggers like this: