Elon Musk's equity capital is approaching the $ 300 billion mark
Tesla CEO Elon Musk will soon be the first person in the world to have a fortune of $ 300 billion.
Musk's fortune suddenly jumped $ 36 billion in one day last Monday (10/25/2021) after Tesla shares surged 12.7% thanks to a plan from Hertz, an electric car rental company. Hertz has decided to add more to its fleet of 100,000 electric vehicles by the end of 2022.
The one-day growth in wealth was the largest in the history of the Billionaire Index. Musk has a fortune of $ 289 billion, roughly $ 100 billion more than Jeff Bezos, the world's second richest man, with a fortune of $ 193 billion.
In addition, Tesla surpassed Toyota's market cap in July 2020. Tesla reached a market cap of $ 1 trillion on October 25 last year.
This year alone, Musk's fortune has increased by $ 119 billion thanks to Tesla's brilliant work and the sale of SpaceX's $ 11 billion stake. SpaceX was founded by Musk and is currently valued at $ 100 billion.