Tech Blog

  • 05 February 2020
  • Blog
Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive
 

Elon Musk is charging up his fortune. The Tesla chief’s net worth has grown more than any other billionaire’s so far this year amid a massive stock boom for his electric-car company.

Musk added $4.7 billion to his fortune on Monday, when Tesla’s share price surged nearly 20 percent to close at a new high of $780, according to Bloomberg’s Billionaires Index. His wealth has ballooned by a total of $13.5 billion, or 48.9 percent, since the start of the year — an increase larger than anyone else on Bloomberg’s list of the world’s richest people.

Musk’s wealth has grown even more than Bezos, who remains the world’s richest person with a net worth of $124 billion. Bloomberg says the e-commerce tycoon has added about $9 billion to his fortune for the year despite a roughly $15 billion increase after Amazon reported massive earnings last week, which sent its stock price soaring. Musk owns about 20 percent of Silicon Valley-based Tesla and his stake in the company, including options, accounts for about $30 billion of his fortune, according to Bloomberg. Another $14.6 billion comes from his ownership of the rocket company SpaceX. He also has $101 million from his infrastructure firm, the Boring Company, and $3.6 billion in various liabilities, Bloomberg says.


This post first appeared here
https://www.vanguardngr.com/2020/02/elon-musks-wealth-rises-by-13bn-as-tesla-hits-stock-boom/

 

 

 

Rating:
( 0 Rating )

Add comment

Our professionals are experienced and ready to take your projects. Contact us, lets hear from you. We appreciate your interest.

Email : choratech@gmail.com

Lets Develop your App

Online count

We have 212 guests and no members online

Opening hours

  • Monday to Friday 9:00am to 5:00pm
  • Saturday 9:00am to 4:00pm
  • Sunday: CLOSED
© 2019 Chora Technologies. All Rights Reserved.