Forget Elon Musk: This Tech Titan Just Crashed the Billionaire Top 5 With a $77 Billion Surge
SpaceX and Tesla shares rose 7.6% and 8.6%, lifting Musk’s net worth by $62.3 billion to more than $1 trillion, Forbes said.
- Elon Musk reclaimed his trillionaire status on Monday after a rally in SpaceX and Tesla shares boosted his personal fortune by about $62 billion in a single trading day.
- Just days earlier, the aerospace entrepreneur had slipped below the trillion-dollar threshold on June 24 after his net worth declined by 31 per cent to an estimated $962 billion.
- By Monday afternoon, SpaceX shares climbed 7.6% and Tesla stock rose 8.6%, a combined surge that nudged Musk's estimated net worth back over the $1 trillion line.
- Musk remains the world's richest person by a wide margin, holding nearly four times the wealth of Google co-founders Larry Page at $288.7 billion and Sergey Brin at around $266.3 billion.
- The two-week stretch saw the world's richest person cross the symbolic threshold, fall below it, then cross it again. As Daniel Oberhaus noted, the numbers tell you more than just 'rich guy gets richer.
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The world is becoming richer, but also more unequal. Elon Musk became the first billionaire in history a few weeks ago, with an accumulated fortune that exceeds the GDP of most countries of the globe after SpaceX left the Nasdaq stock exchange. Continue reading
Elon Musk Reclaims Trillionaire Status After Making a Mind-Boggling $62 Billion in a Single Day
Elon Musk reclaimed his trillionaire status on Monday in the United States after a blistering rally in SpaceX and Tesla sent his personal fortune soaring by about $62 billion in a single trading day, according to billionaires' wealth trackers. Musk had only just slipped back below the trillion‑dollar mark less than a week earlier, ending a brief but historic spell as the first person ever recorded with a net worth above $1 trillion. The reversal…
The stocks of SpaceX and Tesla have grown.
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