Tuesday, November 17, 2020

Musk makes Millions


In a week tech entrepreneur Elon Musk personal fortune has shot up by more than $15bn (£11.3bn). Musk is poised to become the world's third richest person.

On Monday, it was announced that his electric car company Tesla has been accepted into the S&P 500, a major US stock market index. The California-based car firm would be the biggest new entrant onto the US index, with a stock market value of over $400bn. Musk's 20% stake in Tesla his net worth rose to $117.5bn, according to the Bloomberg Billionaires Index.

His wealth has jumped $90bn this year


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