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.
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.