The financial rebound of Elon Musk shows no signs of slowing down.
The businessman is now the world’s fourth-richest person, after Tesla shares rose 11 percent on Monday, closing at an all-time high and increasing Musk’s net worth by $ 7.8 billion.
The increase put Tesla co-founder ahead of French luxury mogul Bernard Arnault, the richest non-American on the Bloomberg Billionaires Index. Musk’s $ 84.8 billion fortune puts him less than $ 15 billion from Mark Zuckerberg, number three in the ranking of the 500 richest people in the world.
Monday’s Tesla rally is just the latest win for the billionaire who just two years ago was sued by the U.S. Securities and Exchange Commission for dishonest tweets and had to resign as president of the electric car maker. Tesla shares are up 339 percent this year, fueled by growing anticipation that the company will be included in the S&P 500 index.
Probably Space Exploration Technologies, or SpaceX, will further increase Musk’s fortune. The company is close to finalizing $ 2 billion in new funds that would increase its equity valuation to $ 46 billion, Bloomberg reported last week.
Musk’s fortune has grown by 57.2 billion this year, the second-largest increase in the index. The founder of Amazon.com, Jeff Bezos, is the biggest winner this year, with 73 billion dollars.
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