Elon Musk surpasses Exxon Mobil as world's richestperson
It s the biggest gain in the history of the Bloomberg Billionaires Index, eclipsing Chinese tycoon Zhong Shanshan's US $32 billion surge last year when his bottled-water company, Nongfu Spring Co. went public. Musk s net worth of US $288.6 billion is now greater than the market value of Exxon Mobil Corp. or Nike Inc. We apologize, but this video has failed to load.
Tap here to see other videos from our team. Try refreshing your browser, or Elon Musk's fortune surges $36 billion in one day after Hertz's Tesla order Tesla Inc. shares rose 13 per cent on news of the Hertz order, pushing its market value past US $1 trillion. About two-thirds of Musk s net worth is directly tied to shares and options in the electric-car company, of which he is co-founder and chief executive officer. Musk is increasingly pulling away from his fellow mega-billionaires when it comes to the size of his fortunes. Amazon.com Inc.'s Jeff Bezos ranks second with US $192.6 billion, according to the Bloomberg index.
Musk s extraordinary jump in wealth comes as Democratic lawmakers, with President Joe Biden's support, draw up a plan to tax unrealized gains of the very richest Americans. Senate Finance Committee Chair Ron Wyden, an Oregon Democrat, is laying out the so-called billionaires income tax, which would be aimed at those with US $1 billion in assets, or three consecutive years of US $100 million or more in income. Elon Musk s Tesla on its way to $1 trillion market value.
Elon Musk is on track to become the world s first trillionaire.
Elon Musk extends lead as world s richest person after adding $10 billion to fortune with SpaceX deal.
Elon Musk says he s putting his last remaining house up for sale The liquid nature of Musk s fortune has made it possible for him to gain billions of dollars in paper wealth and become the world s richest person while having few stocks. He accepts no salary from Tesla and part of his stake is pledged as collateral for personal loans, according to company filings. He told a federal jury in 2019 that he didn t have much cash despite his multi-billionaire status. Last year he announced on Twitter that he planned to sell his homes and almost all his physical possessions. Even before the Hertz deal, Tesla shares have climbed in recent weeks. The auto maker s stock price is up 45 per cent this year, more than double the gain of the S&P 500 Index, as investors continue to reward green technologies. A surge in Tesla stock isn t the only source of wealth gains for Musk. The third tranche of Musk s massive 2018 stock option package was vested in the seventh quarter, according to a regulatory filing Monday, adding about $8 billion to his net worth.