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.

<p>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&amp;P 500 Index.<br />
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<p>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.<br />
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<p>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.</p>

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.

<p>The billionaire is a co-founder of 8 companies - Zip2, PayPal, SpaceX, Tesla, Hyperloop, OpenAI, Neuralink, and The Boring Company.&nbsp;<br />
&nbsp;</p>

<p>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.&nbsp;<br />
&nbsp;</p>

<p>This experts say is largely due to growing investor confidence in the future of electric vehicles.</p>

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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