New York: Elon Musk has been experiencing an increase, in his wealth recently – he added a $12 billion to his net worth on December 17 alone! This surge comes after another $19 billion increment the day before that took his total gain to a remarkable $31 billion in just two days! In the week the Tesla CEO has seen his net worth shoot up by over $100 billion – that’s, around £900 billion or so.
Based on the Bloomberg Billionaires Index findings Musks wealth continues to grow without any signs of slowing down. As of December 17th his net worth reached $486 billion showing a $12 billion rise, from the day. Since the beginning of the year his wealth has notably increased by $257 billion reflecting a growth of 112%. This places Jeff Bezos in place, with $250 billion a figure half of Musks impressive fortune.
A seven days ago, on December 12th Elon Musks wealth was calculated at $384 billion; however since that time it has skyrocketed by $102 billion an increase of $67 billion in just one day alone! The surge in SpaceXs valuation due to an investor share buyback, on December 11th added a $45 billion to Musks riches while Teslas stock rally accounted for a $22 billion boost. On December 16ths eve Musk saw his fortune swell by $19 billion.
Elon Musk is, on the verge of hitting the $500 billion mark with $14 billion left to go! This significant milestone might happen by December 18th. It all hinges on what call the Federal Reserve makes then. If the Fed opts for a 25 basis point cut and the dollar index picks up steam as a result of that move; there’s a chance that Teslas stocks could see a boost and Musks wealth could swell by a $12 to $15 billion.
Ever since Donald Trump won the election Musks wealth has grown by a $222 billion! In December his fortune surged by $143 billion!