ELON Musk’s net worth jumped nearly $9billion on Friday to $167.3billion, boosting his status as the second wealthiest person on earth.
Entrepreneur Elon Musk’s net worth jumped nearly $9billion in one day[/caption]
Bezos sits at the top of the wealth index with a net wroth of $187.3billion.
Tesla shares closed at a record $695 on Friday, and have jumped 731 percent in 2020.
Tesla’s stock increased 70 percent when it announced its forthcoming inclusion in the S&P 500.
Elon Musk is the second wealthiest person on earth[/caption]
Inclusion in the S&P 500 is expected to prompt a new round of share buying.
Musk’s continued ascent comes after he surpassed Microsoft co-founder Bill Gates as the world’s second richest person on Nov. 23.
At the time, Musk’s net worth hiked up from $7.2billion to $127.9billion.
Amazon CEO Jeff Bezos remains the wealthiest person on the planet[/caption]
That leap was owed to a surge in Tesla’s share price.
In mid-November, Musk’s fortune grew $15billion in a single day, which broke down to $170,000 per second, as Tesla was accepted on the S&P 500.
In January, Musk ranked 35th on Bloomberg’s ranking of the globe’s 500 wealthiest people.
Elon Musk’s fortune has grown as Tesla’s shares hit new highs [/caption]
Musk, 49, has seen the greatest growth among executives in the electric vehicle industry.
This year, more than a dozen electric vehicle companies have either gone public or announced listings.
Musk’s wealth has soared this year despite the coronavirus crisis—and he is not alone.
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Bezos and Facebook founder and CEO Mark Zuckerberg together gained $60billion during the pandemic.
However, the number of billionaires on the planet has shrunk this year as the global economy takes a hit.
In April, there were about 2,095 billionaires in the world, according to Forbes, and 58 fewer billionaires than a year ago.