Elon Musk's fortune jumps to $1.04 trillion as SpaceX, Tesla rise
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Elon Musk’s fortune jumped by $65 billion on Monday to $1.04 trillion.
- ✓This surge happened as the value of his stakes in SpaceX and Tesla rose.
- ✓The 55-year-old tech mogul got back his trillionaire status after shares at both companies gained.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Elon Musk is a trillionaire again.
The fortune of the world's richest person jumped by $65 billion on Monday to $1.04 trillion, according to the Bloomberg Billionaires Index, as the value of his stakes in SpaceX and Tesla Inc. rose. SpaceX shares are up 13% since the start of October while Tesla has gained 6.7%.
It marks the first time in three months that the 55-year-old tech mogul's fortune has required 13 numerals. He became the world's first trillionaire in June when SpaceX surged in the wake of its record-breaking initial public offering, but quickly lost that crown as shares then slumped on concerns about the company's sky-high valuation.
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