In just the past week, Tesla's CEO's assets have increased by more than $36 billion. The electric vehicle company's stock skyrocketed by 12.7% to more than $1000/share. The increase was exciting after the car rental company Hertz announced that it would order 100,000 vehicles to build an electric car fleet for rent in late 2022.
Elon Musk's one-day increase in assets is a record high in the history of the Bloomberg Billionare Index and is equal to the net asset value of the 34th richest person in the world.
According to data from Bloomberg, Elon Musk's $289 billion fortune is currently far ahead of the second richest billionaire, Jeff Bezos, with $193 billion.
The lead gap between Elon Musk and other billionaires holding the title of the richest person in the world is widened. His assets are now $184 billion more than Warren Buffett, currently the 10th richest person in the world, and $150 billion more than Bill Gates.
Elon Musk's net worth is so large that it surpasses the market capitalization of the world's second largest automaker, Toyota, with a valuation of about 283 billion USD.
Tesla surpassed Toyota in value for the first time in July 2020 to take the top spot. Musk's assets have increased dramatically to $119 billion this year thanks to the strong performance of Tesla shares as well as the recent stock sale deal at SpaceX, a company he also founded with a valuation of $100 billion.
Tesla is having the longest profit streak in its 18-year history, with 9 consecutive quarters achieving profits after last week's income report. By the end of the third quarter, the electric vehicle manufacturer had delivered 241,300 vehicles.
