Elon Musk’s fortune topped $300 billion for the first time in nearly three years, fueled by a surge in Tesla Inc. shares amid expectations that his close ties to President-elect Donald Trump will boost the company’s standing.
Musk has added more to his personal fortune than anyone tracked by the Bloomberg Billionaires Index since Trump’s victory.
Tesla shares have jumped 28% since Tuesday’s close, boosting Musk’s fortune by about $50 billion to $314 billion.
Tesla Inc.’s market value surged past $1 trillion on Friday for the first time since 2022.
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