Tesla’s stock price raised Elon Musk net worth nearly $ 9 billion to $ 167.3 billion, according to the Bloomberg Billionaires Index. Elon Musk has added $ 139.7 billion this year, an amount that exceeds the total net worth of anyone on the planet other than Amazon.com Inc. founder Jeff Bezos. Bezos, for now, tops the wealth index with $ 187.3 billion.
Shares in Tesla have soared 731% this year, closing at a record $ 695 on Friday. More recently, expectations have been gained that listing on the S&P 500 would spur a new round of buying. The stock is up 70% since its listing was announced in November.
Musk is the most prominent of a string of EV entrepreneurs who have seen their fortunes rise this year, sparking a slew of new entrants. At least 15 electric vehicle companies have gone public or announced in 2020.
