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This year has been a turnaround year for Elon Musk, who last year became the first person in history to lose $200 billion in net worth. In the past week, he has overtaken Bernard Arnault to become the world’s richest man again, and his fortune now exceeds $200 billion.
Elon Musk’s net worth has risen to $202 billion this year thanks to a surge in Tesla stock, which has seen its value rise by more than 100%. The EV industry leader’s share price is up 104% so far in 2018. Elon Musk, the world’s richest man, has added $65.1 billion to his fortune so far in 2018, according to Bloomberg’s Billionaire Index.
Most of Musk’s wealth is believed to be invested in Tesla shares (71%). Whether Musk is able to maintain his position as the world’s richest person and continue his recent success in raising billions of dollars remains to be seen, but when he took the title earlier this year, So his chances are looking better now, as not only are Tesla shares rising at the moment, but second-place Arnault’s wealth is also declining, at a time when the billionaire is trying to settle on the heir to his empire. Are. But Meta CEO Mark Zuckerberg is back in the top 10 richest list after a two-year absence, thanks to a $53 billion increase in his net worth, which now totals $98.9 billion.
Tesla stock is up 104% so far this year after suffering huge losses in 2017. The electric vehicle company’s stock soared this week, and Elon Musk reclaimed his spot as the world’s richest person as part of Musk’s first trip to China. in three years. As the Teslarati article notes, the company has experienced a string of successes recently, one of which is that all three trim levels of the Model 3 are now eligible for the full $7,500 tax credit. Some locations have driven the Model 3 price below $30,000 with attractive local incentives, which may attract investors to purchase the vehicle.
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This year has been a turnaround year for Elon Musk, who last year became the first person in history to lose $200 billion in net worth. In the past week, he has overtaken Bernard Arnault to become the world’s richest man again, and his fortune now exceeds $200 billion.
Elon Musk’s net worth has risen to $202 billion this year thanks to a surge in Tesla stock, which has seen its value rise by more than 100%. The EV industry leader’s share price is up 104% so far in 2018. Elon Musk, the world’s richest man, has added $65.1 billion to his fortune so far in 2018, according to Bloomberg’s Billionaire Index.
Most of Musk’s wealth is believed to be invested in Tesla shares (71%). Whether Musk is able to maintain his position as the world’s richest person and continue his recent success in raising billions of dollars remains to be seen, but when he took the title earlier this year, So his chances are looking better now, as not only are Tesla shares rising at the moment, but second-place Arnault’s wealth is also declining, at a time when the billionaire is trying to settle on the heir to his empire. Are. But Meta CEO Mark Zuckerberg is back in the top 10 richest list after a two-year absence, thanks to a $53 billion increase in his net worth, which now totals $98.9 billion.
Tesla stock is up 104% so far this year after suffering huge losses in 2017. The electric vehicle company’s stock soared this week, and Elon Musk reclaimed his spot as the world’s richest person as part of Musk’s first trip to China. in three years. As the Teslarati article notes, the company has experienced a string of successes recently, one of which is that all three trim levels of the Model 3 are now eligible for the full $7,500 tax credit. Some locations have driven the Model 3 price below $30,000 with attractive local incentives, which may attract investors to purchase the vehicle.
