- Elon Musk is now the world’s fourth-richest person after Tesla Inc. shares surged 11 percent, closing at a record high and boosting his net worth by $7.8 billion.
- The rise vaulted the Tesla co-founder past French luxury tycoon Bernard Arnault, the wealthiest non-American on the Bloomberg Billionaires Index.
- Musk’s $84.8 billion fortune puts him within $15 billion of Mark Zuckerberg, number three on the ranking of the world’s 500 richest people.
- Musk’s Space Exploration Technologies Corp., or SpaceX, is poised to potentially pad his fortune further. The company is close to finalizing $2 billion in new funding that would increase its equity valuation to $46 billion.