Elon Musk's fortune has surpassed $300 billion for the first time in more than two years as Tesla Inc. shares surge. after Trump's victory in the US presidential election.
Musk's fortune exceeds $300 billion
Billionaire Elon Musk has increased his personal fortune more than anyone else since Donald Trump's victory in the US presidential election, Bloomberg reports.
Tesla shares have jumped 28% since the close of trading on Tuesday, increasing his fortune to $313.7 billion.
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Now Tesla — the ninth-largest company in the world by market capitalization.
Elon Musk is now worth $70 billion more than his closest competitor — American entrepreneur Larry Ellison, who is the founder and head of Oracle Corporation, the largest shareholder of NetSuite Inc.
Most of Elon Musk's fortune is associated with Tesla, which is the world's largest manufacturer of electric cars.
Donald Trump's victory in the US presidential election led to a sharp jump in the stock market, because Elon Musk's fortune began to grow within 24 hours.
