Elon Musk Adds $19 Billion in Net Worth as Tesla Gains $100 Billion
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Tesla CEO, Elon Musk remains the richest person in the world, with a net worth of $275 billion, according to Bloomberg Billionaires Index
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The SpaceX boss gained nearly $19 billion on Monday after Tesla shares gained 8% to reach $1,091, at the end of Monday’s trading session
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The share jump also added more than $100 billion to the value of the company as it announced a stock split
Tesla co-founder and CEO, Elon Musk continues to hold the title of the world’s richest man as the billionaire added $19 billion to his fortune in a single day. Bloomberg Billionaires Index currently puts the net worth of the South-African-born billionaire at $275 billion.
The billionaire’s significant wealth gain was aided by an 8% rise in Tesla stocks on Monday after the electric car company announced a stock split. The Texas-based company added over $100 billion to its market value, as much as the value of companies like IBM and Goldman Sachs.
The post from the company’s Twitter handle read:
“Tesla will ask shareholders to vote at this year’s annual meeting to authorize additional shares in order to enable a stock split.”
Even though the company’s stock holds a current value of $1,091 a share, it is believed that the stock split will make it even more attractive to individual investors by boosting its price.
Read also: Elon Musk Tests Positive for COVID 19
Elon Musk’s massive net worth has been put down to his 17% stake in Tesla, a company worth $1.132 trillion. He also has 47.4% equity in SpaceX, as the company is valued at over $100 billion.
Since going public in 2010, Tesla shares have gone up by more than 2000% in value. For clarity, a person who bought a single Tesla share for $22 then, would have more than $5,000 in shares today.
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