News 26 October 2021
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Author: Courtney W

Elon Musk Makes Largest Single-Day Gain On Record After Wealth Surges By $36 Billion

26 October 2021
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After rental car company Hertz secured a massive deal with Tesla, Elon Musk’s wealth surged by $36 billion – the largest single-day gain recorded by Bloomberg’s Billionaires Index.

Share prices for Tesla went through the roof on Monday (October 25) after Hertz announced plans to buy 100,000 Tesla cars for its rental fleet.

Tesla’s share price went on to surge by 13%, bringing the company’s market capitalisation into trillions alongside the likes of Microsoft, Google, Facebook and Apple.

Tesla CEO Elon Musk was $36.2 billion richer by the end of the day, brining his net worth to around $288.6 billion, according to Business Insider.

Musk is officially the richest person in the world and with his massive surge yesterday, he is $100 billion wealthier than Amazon’s Jeff Bezos.

[Image: Nick_ Raille_07 / Shutterstock.com]