Saturday , May 8 2021

Elon Musk made nearly $ 14 billion in wealth per week: Business: Economy:

Tesla and SpaceX founder Elon Musk made $ 13.5 billion a week. Forbes reports.

The reason for this growth was the news of the immediate inclusion of the Tesla S&P 500 stock index. Against this background, the company’s shares rose 20 percent during the week.

Musk has a value of $ 104.5 billion. In the ranking of billionaires, it ranks fourth. He was previously surpassed by Facebook founder Mark Zuckerberg ($ 99.1 billion). The first three are Amazon founder Jeff Bezos (181.4 billion), the second is Louis Vuitton Moët Hennessy Bernard Arnault (140.5 billion) and the third is Microsoft founder Bill Gates (118.6 billion).

Earlier, it was reported that Tesla would break another record; earlier, members of the S&P 500 index were less expensive at the time it was introduced. Perhaps the index will be included in Tesla parts. At the same time, the automaker will raise the price significantly, as it will be able to attract money from new large funds, where participation in the S&P 500 is dependent on investment.

In September, the company met the main formal requirement: it showed profits for four consecutive quarters.

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