Elon Musk’s net worth increased by about $30 billion in a day

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Elon Musk dazzled the markets in 2022 with Tesla Inc. posting record deliveries. The shares rallied and the founder’s net worth increased massively, making it one of the best-performing stocks on Wall Street so far this year

Elon Musk’s net worth has grown $33.8 billion since Monday and is now valued at $304.2 billion. Jeff Bezos is second on the list with a $196 billion fortune.

Elon Musk net worth increased by about $30 billion

Tesla shares rose over 13% to $1,199.78 on Monday after Q4 results exceeded analysts’ expectations for car deliveries.

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It sounds like a lot of people noticed that the company’s valuation jumped back over a trillion dollars last month. It fell in November and early December, but many investors noticed and thought it was worth investing in again.

Elon musk owns about 18% of Tesla and helped trigger the sell-off when he said he would cut his stake in the company. He’s sold more than $10 billion worth of shares in the company since November, part of a long-term goal to generate cash for tax purposes.

Elon Musk’s net worth reached a high of $340 billion last year, surpassing the peak inflation-adjusted net worth of John D. Rockefeller and briefly making him the richest person in modern history.

Also Read:

Top 12 tweets by Elon Musk that impacted the market significantly in 2021

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