Elon Musk Becomes $373 Million Richer After Tesla’s Stock Rise, Far and Away the World’s Wealthiest Person

By Benzinga
Benzinga
Benzinga
October 21, 2021 Updated: October 21, 2021

The gap between Elon Musk and the other ultra-wealthy continues to widen with increased valuations for Tesla and SpaceX.

What Happened

Tesla shares hit a high of $900.00 Thursday, nearly hitting their all-time high of $900.40, after releasing third-quarter earnings.

The stock closed at $894, up 3 percent on the day, setting a split-adjusted record close for shares of the electric vehicle company.

Musk’s Wealth

Musk added $373 million to his personal wealth Thursday, according to Bloomberg’s Billionaire Index. The additional value takes Musk’s net worth to $242 billion, a gain of $72 billion in the year-to-date period.

Musk is now worth $45 billion more than Jeff Bezos ($197 billion), the founder of Amazon.com Inc.

Bernard Arnault ranks third at $163 billion.

Over the weekend, it was reported Musk is worth more than Microsoft Corp founder Bill Gates and Berkshire Hathaway CEO Warren Buffett combined.

Gates is third on the list with a wealth of $133 billion and Buffett ranks 10th at $105 billion.

By Chris Katje

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.

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