Elon Musk’s Net Worth Increased $24 Billion On Monday, Ending The Day At $335 Billion

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splits: 26

Here is a fast recap of Elon Musk’s net worth history:

On January 1, 2020, Elon’s net worth was $28 billion. A yr later, January 1, 2021, his net worth was $170 billion. Quick ahead 10 months to October 21, Elon’s net worth hit $250 billion. One week later his net worth topped $300 billion.

When the markets closed on Friday, October 29, Elon’s private fortune sat at $311 billion.

When the markets closed on Monday, Nov 1st, – technically only one buying and selling day later – his net worth sat at…

$335 billion

That is $24 billion acquire in a single day. That is greater than Masayoshi Son’s total net worth, added in a single day.

ANGELA WEISS/AFP by way of Getty Photos)

How and why is that this taking place?

As Jim Cramer put it:

Tesla is a phenomenon we’ve to speak about as a result of I’ve really by no means seen a inventory go up endlessly on nothing.

Tesla’s share value elevated 50% within the final 30 days. It is up 200% within the final 12 months.

Tesla’s share value elevated 8.5% as we speak purportedly due to an announcement that the corporate is launching a take a look at program that will permit non-Tesla electrical automobiles cost at Tesla Supercharger community stations.

I suppose that is a cool function however is it cool sufficient to justify the corporate’s market cap rising from $1.12 trillion to $1.21 trillion? In different phrases, is that announcement value a $90 billion improve in market cap?

For some perspective, the paint firm Sherwin Williams has been round since 1866. It is actually good at promoting a lot of paint. For the final 155 years it has been making paint and making constant stable income that develop steadily yearly. Sherwin Williams’ inventory value has elevated fom $7 a share in October 2000 to $310 per share as we speak. Sherwin William’s is at present sitting at an all-time market cap excessive of $81 billion.

Is it rational that Tesla ought to acquire the complete market cap of Sherwin Williams in a day thanks basically to a press launch?

Beneath are the 5 largest American firms on the planet by market cap. I’ve additionally listed every firm’s earnings and income.

  • #1: Microsoft – Market cap $2.47 trillion, income $168 billion, revenue $73 billion
  • #2: Apple – Market cap $2.46 trillion, income $347 billion, revenue $103 billion
  • #3: Google – Market cap $1.9 trillion, income $220 billion, revenue $75 billion
  • #4: Amazon – Market cap $1.68 trillion, income $443 billion, revenue $35 billion
  • #5: Tesla – Market cap $1.2 trillion, income $31 billion, revenue $721 million

FYI, Apple earns Tesla’s total annual income in two and a half days.

Does this appear rational to you?

I don’t know and you shouldn’t look to me for inventory recommendation. As I identified in a current article, I beforehand owned round $10,000 value of Tesla shares. Beneath is a chart of Tesla’s share value over the past 5 years. To your enjoyment, I’ve positioned frowny faces on the approximate dates after I purchased after which offered the inventory for roughly the identical value, so no acquire:

Had I held on to my stake, as we speak I might personal 165 shares due to the corporate’s 5-1 break up in August 2020. Right now these 165 shares can be value $199,417. AKA a low-mileage Ferrari Testarossa. I would even have $20-30k to spare. So I may have had a Ferrari Testarossa and per week on the 4 Seasons Bora Bora with top quality tickets for 2.

Cool Cool.

Another enjoyable fast stats about Elon Musk’s net worth:

– Elon’s net worth has elevated $165 billion since January 1, 2021.

– Elon is $142 billion richer than Jeff Bezos

– Elon is equally as wealthy as Warren Buffett, Larry Ellison and Steve Ballmer collectively.

– Elon is richer than Jeff Bezos and Mark Zuckerberg, mixed.

– Elon is richer than the market caps of the next firms:

  • Disney, Netflix, Salesforce, Exxon, Nike, PayPal, Toyota, Coca-Cola…

Elon is now formally the second-richest human being in trendy historical past. He surpassed Andrew Carnegie’s inflation-adjusted $310 billion net worth and is just $5 billion shy of John D. Rockefeller’s $340 billion net worth.


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