Elon Musk’s fortune exceeded $ 300 billion again – RBC

by time news

On January 3, the fortune of American businessman Elon Musk increased by almost $ 33 billion and totaled $ 304 billion, according to Forbes.

Prior to this, the entrepreneur’s capital rose above the $ 300 billion bar in November. The founder of SpaceX and co-founder of Tesla is the richest man in the world, Musk’s capital is more than 100 billion more than the state of the head of Louis Vuitton Moët Hennessy, Bernard Arnault, who is in second place. In third place is Amazon founder Jeff Bezos.

Musk’s rise in wealth is due to the rise in Tesla shares, which have risen in value after the company announced the total number of cars delivered to the market – more than 930 thousand.This exceeded analysts’ forecasts, Tesla shares rose 13% by the close of trading on Monday. At the same time, the company’s market capitalization exceeded $ 1 trillion.

Hybrid, jester, visionary: why Time chose Elon Musk as the man of the year

On November 1, Elon Musk became the first person in history, whose fortune exceeded $ 300 billion. The growth of Tesla shares helped him overcome this mark of capital size. During the day, the share price rose by 7.5%, and the size of the businessman’s fortune, according to various estimates, turned out to be at the level of $ 308 to 311 billion. In December, Time magazine named Musk the man of the year.

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