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Elon Musk Wealth increased by $ 15 billion in a week

Active week for Elon Musk: his fortune increased by $ 15 billion in a week. The personal fortune of South African entrepreneur Elon Musk, founder of Tesla and SpaceX, rose by $ 15 billion last week.

The increase in Musk’s wealth came after Tesla shares gained up to 14 percent after the news that they would be included in the SP 500 index in America.

Elon Musk, the manager of SpaceX and Tesla, added to his fortune in the last week, when he came up with multiple issues.

With Tesla entering the S&P 500, which consists of the stocks of 500 companies operating in the USA and which is. Elon Musk’s personal wealth increased by $ 15 billion to $ 117.5 billion, while his shares gained 14 percent in value, while having a 20 percent share in the company.

Musk’s personal fortune has risen by $ 90 billion this year alone, in the past 11 months.

Previously, Tesla, which was not accepted to the S&P 500 in September, has now been accepted and will start trading on this index starting December 21.

California-based Tesla will be the largest company to enter this index with a market value of over $ 400 billion. Tesla, which was mostly a loss in the balance sheets in its history, succeeded in declaring profit in the last four quarters and was accepted into the S&P 500.

The company has a factory in China as well as in America.

Written by Maraaz

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