Tesla shares continue to rise after the US presidential election, making company boss and major shareholder Elon Musk richer every day.
The 53-year-old expanded his lead at the top of the billionaire rankings of the financial service Bloomberg by more than 20 billion dollars (about 18.78 billion euros) in just one day.
Bloomberg estimates his fortune, which largely consists of Tesla shares, now at 335 billion dollars (approximately 314.52 billion euros).
Investors are betting that Tesla will benefit from Musk’s proximity to the future president. The automaker is the target of several investigations by US authorities. Tesla is also feeling the effects of slower growth in the electric car market.
Amazon founder Jeff Bezos comes in second with $228 billion. At the same time, the paper assets of the super-rich fluctuate with the stock prices of their companies. Shares of Tesla rose another nine percent to $350 on Monday. The company was worth more than $1.1 trillion on the stock market.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
