Elon Musk’s net worth increased by about $30 billion in a day after rally in Tesla stock
Elon Musk dazzled the markets in 2022 with Tesla Inc. posting record deliveries. The shares rallied and the founder’s net worth increased massively
Musk’s fortune 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.
Tesla shares rose over 13% to $1,199.78 on Monday after Q4 results exceeded analysts' expectations for car deliveries.
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.
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