Elon Musk adds $9 billion to fortune, may dethrone Bezos as richest man by March 2021
First Published Dec 19, 2020, 10:19 AM IST
Elon Musk's personal fortune went up by almost $9 billion to $167.3 billion after a late jump in Tesla’s share price.
According to reports, Tesla shares have soared 731% this year with the surge coming recently over expectations that the company will make its debut in the S&P 500 Index.
Elon Musk has added $139.7 billion this year, an average of $11.6 billion every month. At this rate, he will overshadow Amazon Inc founder Jeff Bezos who tops the wealth index with $187.3 billion.
If he keeps adding $11.6 billion to his fortune in the next two months, he will become the world's richest man by March 2021.
The billionaire is a co-founder of 8 companies - Zip2, PayPal, SpaceX, Tesla, Hyperloop, OpenAI, Neuralink, and The Boring Company.
Tesla has become the most valuable carmaker in the world despite its production being a fraction of rivals such as Japan’s Toyota Motor and General Motors.
This experts say is largely due to growing investor confidence in the future of electric vehicles.
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