Tesla’s Musk becomes world’s second richest person: report
- Oops!Something went wrong.Please try again later.
Elon Musk’s personal wealth seems like it’s flying higher than a SpaceX rocket.
Bloomberg reported Monday that Musk, the CEO of Telsa, surpassed Bill Gates to become the world’s second richest person behind Jeff Bezos.
LAS VEGAS CASINO RECOVERY THREATENED BY NEW CALIFORNIA CORONAVIRUS LOCKDOWNS
The report said a rally by Tesla on Monday earned Musk about $7.2 billion, bringing his new net worth to $127.9 billion.
The report said that Gates’ net worth would be higher but he has donated vast sums of money to charities over the year, including $27 billion to his Gates Foundation.
Last week, it was reported that Tesla will be added to the S&P 500 index on Dec. 21. Tesla shares jumped nearly 14% in after-hours trading after the announcement.
CLICK HERE TO READ MORE ON FOX BUSINESS
Tesla shares have soared 387.8% this year as the company is finally making money on a consistent basis after years of losses and continues to hit milestones for deliveries of its vehicles. Tesla earned $331 million in the third quarter on revenue of $8.77 billion.
Tesla shares could double as global electric vehicle demand ramps up over the next five years, according to one Wall Street analyst.
The Associated Press contributed to this report
Related Articles
