New York, USA (CNN) – Elon Musk lost tens of billions of dollars last week … but quickly recovered This week, he lost almost everything in just one day, after his company, Tesla, rose 20%.
Musk added $ 25 billion to his net worth on Tuesday, bringing his total net worth to $ 174 billion, according to the Bloomberg Billionaires Index.
The rise is a stark reversal from last week, when Musk lost $ 27 billion after a wider sell-off of tech shares.
Musk’s net worth remained largely unchanged on Wednesday, with Tesla down only slightly. Musk owns about 18% of Tesla’s shares.
Jeff Bezos, chief executive of Amazon, and Musk have traded the first places on Bloomberg’s list of the world’s richest people since January. Musk is now still second on the list, behind Bezos with $ 6 billion.
Microsoft founder Bill Gates is still the third richest person in the world, with a fortune of $ 137 billion.
Tesla’s stock rose 743% in 2020, pushing the company to the fifth place in the list of the most valuable companies in the stock market. The stock continued to rise in the first weeks of 2021, with gains of an additional 25%, until the share price reached a record close of $ 883.90 on January 26. The stock has fallen about 25% since then.
