Elon Musk fortune jumps $15 billion on Tesla’s S&P inclusion

Elon Musk is poised to become the world’s third-richest person, leapfrogging Mark Zuckerberg.Elon Musk's wealth has jumped $90 billion this year.
By : Bloomberg
| Updated on: 17 Nov 2020, 08:05 AM
Elon Musk has seen his personal wealth swell in 2020 courtesy Tesla's strong showing. (REUTERS)
Elon Musk has seen his personal wealth swell in 2020 courtesy Tesla's strong showing. (REUTERS)
Elon Musk has seen his personal wealth swell in 2020 courtesy Tesla's strong showing. (REUTERS)
Elon Musk has seen his personal wealth swell in 2020 courtesy Tesla's strong showing.

It’s been an eventful few days for Elon Musk.

The billionaire tested positive for Covid-19, his rocket company launched four astronauts into space and on Monday his electric carmaker Tesla Inc. was named for inclusion in the S&P 500.

The last bit of news added the equivalent of rocket fuel to his fortune. Musk, 49, is poised to become the world’s third-richest person, leapfrogging Mark Zuckerberg, after his net worth swelled by more than $15 billion in extended trading.

Similar Cars

Find More Cars
Tata Tigor Ev (HT Auto photo)
Tata Tigor Ev
Electric | Automatic
₹11.99 - 13.14 Lakhs**Ex-showroom price
Tata Altroz Ev (HT Auto photo)
UPCOMING
Tata Altroz Ev
 
₹12 - 15 Lakhs* *Expected Price
Tata Nexon Ev (HT Auto photo)
Tata Nexon Ev
Electric | Automatic
₹13.99 - 16.85 Lakhs**Ex-showroom price
Tata Nexon Ev Max (HT Auto photo)
Tata Nexon Ev Max
Electric | Automatic
₹17.74 - 19.24 Lakhs**Ex-showroom price
Mg Zs Ev (HT Auto photo)
Mg Zs Ev
Electric | Automatic
₹21 - 24.68 Lakhs**Ex-showroom price
Mg Zs Ev 2022 (HT Auto photo)
Mg Zs Ev 2022
Electric | Automatic
₹21.99 - 25.88 Lakhs**Ex-showroom price

Tesla, whose stock closed at $408.09, surged about 14% at 6:20 p.m. in New York, lifting Musk’s net worth to $117.5 billion, according to the Bloomberg Billionaires Index. His wealth has jumped $90 billion this year, the biggest gain on the ranking of the world’s 500 richest people.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

Tesla will enter the S&P 500 on Dec. 21 following months of speculation, and one temporary setback, after the stock failed to make the cut during the index’s quarterly rebalancing in early September. Tesla would be the biggest new entrant in the group’s history.

On Saturday, Musk tweeted that he “most likely" had a moderate case of Covid-19 and has had symptoms of “a minor cold." Sunday he tweeted he had no symptoms. That same day four astronauts were launched to the International Space Station in a vehicle built by Musk’s Space Exploration Technologies Corp.

First Published Date: 17 Nov 2020, 08:02 AM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city