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Business

Elon Musk Breaks Record as His Wealth Nears $300b

Elon Musk Breaks Record as His Wealth Nears $300b

  • Elon Musk is set to become the first billionaire to reach $300 billion in valuation
  • The Tesla CEO added more than $35 billion to his net worth on Monday, October 25 following a rise in Tesla Stocks
  • According to Bloomberg Billionaire Index, Musk is currently worth $285 billion

Elon Musk may be set to become the first billionaire to be worth more than $300 billion.

Elon Musk

The Tesla CEO and world’s richest man added more than $35 billion to his fortune on Monday after the electric car company’s shares spiked.

Tesla stocks went up by over 12.7% following the announcement that the automaker had joined an exclusive list of trillion-dollar companies.

Tesla Inc

Tesla hit this valuation after Hertz revealed that it had purchased 100,000 vehicles to build out its electric vehicle rental fleet.

The single-day wealth was the largest in the history of the Bloomberg Billionaires Index, as Musk moved to $287b.

Musk’s current net worth puts him almost $100 billion above Jeff Bezos as the amazon founder is worth $196 billion.

The billionaire engineer is also worth more than the second-largest automaker in the world Toyota which is valued at around $283 billion, despite Tesla only surpassing it in July 2020.

Elon Musk

According to Bloomberg Billionaires Index, Elon Musk has added a staggering $119 billion to his fortune in 2021 alone.

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