Credit Tesla stock, which shot up 6% Monday and is up more than 500% year to date
You’d giggle as well if you were worth almost $128 billion.
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Elon Musk has added more than $100 billion to his total assets this year and has passed Bill Gates as the world’s second-most extravagant individual.
That is as indicated by the Bloomberg Billionaires Index, which on Monday positioned Tesla Inc. CEO — with a $127.9 billion fortune — above Gates — at $127.7 billion — unexpectedly.
Musk has benefitted from the monstrous flood in Tesla stock, which has soared more than 520% year to date. Tesla TSLA rose more than 6% to a record close of $521.85 in Monday exchanging, finishing the day with a market cap of around $464 billion. That compared to a $7.2 billion single-day increase in Musk’s total assets.
Musk started the year in the 35th spot on the file.
Bloomberg noted Gates, the fellow benefactor of Microsoft Corp. MSFT, would probably put higher if he had not parted with more than $27 billion of his fortune to the Gates Foundation since 2006.
Amazon.com Inc. AMZN Chief Executive Jeff Bezos is the world’s wealthiest individual, with a fortune of $182 billion, as per Bloomberg, up more than $67 billion this year.
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