Hyperdrive
Elon Musk’s Fortune Soars $36 Billion in a Day on Hertz Order
- Tesla co-founder’s net worth now almost $289 billion
- His one-day jump is largest in Bloomberg wealth list history
This article is for subscribers only.
Elon Musk’s personal fortune jumped by $36.2 billion Monday after Hertz Global Holdings Inc. placed an order for 100,000 Teslas and filings showed a fresh tranche of options in his moonshot pay package vested.
It’s the biggest one-day gain in the history of the Bloomberg Billionaires Index, eclipsing Chinese tycoon Zhong Shanshan’s $32 billion surge last year when his bottled-water company, Nongfu Spring Co., went public. Musk’s net worth of $288.6 billion is now greater than the market value of Exxon Mobil Corp. or Nike Inc.