Elon Musk gains R140 billion in a single day, becomes world's 4th richest person, as Tesla soars
- Tesla CEO Elon Musk's personal wealth gained nearly $8 billion (R140 billion) Monday as the stock surged 11% to an all-time high.
- Musk is now the fourth-richest person in the world, according to the Bloomberg Billionaires Index.
- Overall, Musk's net worth has grown by $57.2 billion this year, the second-largest gain behind Jeff Bezos' $73 billion increase.
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Elon Musk's personal wealth is soaring along with Tesla's stock.
The CEO of the automaker gained nearly $8 billion in net worth on Monday as Tesla's stock price jumped 11% and closed at an all-time high. Musk's net worth is now $84.8 billion (R1.5 trillion), making him the world's fourth-richest person, according to the Bloomberg Billionaires Index.
Musk overtook Bernard Arnault, the French billionaire and CEO of luxury brand LVMH, to secure the position on the list. He now sits behind Facebook CEO Mark Zuckerberg, who has a net worth of $99 billion.
Tesla shares have been on a tear this year, gaining roughly 349% and notching several all-time highs. The company has become the most valuable automaker in the world, fueled by solid vehicle sales amid the coronavirus pandemic, a streak of profitable earnings, and the potential that it could be included in the popular S&P 500 index.
Overall, Musk's net worth has grown by $57.2 billion this year, the second-largest gain behind Jeff Bezos' $73 billion increase. The Amazon CEO is now worth $188 billion and is the richest person in the world.
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