While some market players are losing money due to the coronavirus woes, others are reaping rewards. For instance, Elon Musk's net worth has ballooned by $5.2 billion just in a week, bringing his fortune to $46.3 billion, Forbes states.
The recent jump in the value of Tesla's stock has made the company's CEO and founder wealthier, whereas Tesla has become the most valuable car company in the world. Tesla also announced that it exceeded Wall Street's expectations for electric vehicle deliveries. After this statement, the company’s market value rose to $224.5 billion. Elon Musk owns slightly more than 13% of the company's shares. Nevertheless, even with such a relatively small amount of stocks, he managed to increase his wealth significantly. Besides, he has not sold the company’s shares since 2010.
Now the eccentric 49-year-old billionaire takes 16th place on the list of the richest people in the United States. Musk became the 22nd-richest person in the world, moving up nine places.
