Elon Musk Fortune Breaks Above $250 Billion as Tesla Stock Gains Big
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Elon Musk is now worth $257 billion, according to Bloomberg Billionaires Index as Tesla stocks rallied over the past week
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The billionaire has gained $46 billion in less than six days, cutting his losses from the start of the year to $13.6 billion
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Asides from Tesla, Musk has also gained big from his involvement as SpaceX founder, owning 54% of the $100 billion space company’s shares
After a rough start to the year, which saw his fortune drop below $200 billion in February, Elon Musk has begun to recuperate part of his part value.
The world’s richest man has added $46 billion to his fortune in the last 6 days, pushing his estimated wealth to $257 billion, according to Bloomberg Billionaires Index.
With the latest gains, the billionaire’s loss from the start of the year has been cut down to $13.6 billion.
Most of Elon Musk’s fortune is attached to his 17% stake in the world’s largest automaker, Tesla Inc.
The electric-car maker’s stocks have gone up by over 15% in the past week, and 1.48% in the last 24 hours following news that Hertz is pushing forward with its electric vehicle (EV) options.
In addition to his stock in Tesla, Elon Musk doubles as the CEO of a rocket manufacturer and space exploration company, SpaceX.
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The company is valued at $100 billion, with the billionaire owning about 54% of its total shares.
In comparison to Musk’s fortune, the second richest person in the world, Jeff Bezos is worth $190 billion thanks to his stake in Amazon and Blue Origins.
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