Tesla CEO’s Wealth Rebounds
Elon Musk’s net worth has increased by about $10.6 billion to $145.2 billion since his speech on Friday, according to the Bloomberg Billionaires Index, the largest two-day gain since last November.
Musk’s tweet about securing funding for the automaker’s privatization
Elon Musk is being sued for securities fraud after tweeting in August 2018 that he was considering privatizing Tesla for $420 million.
His net worth increased this year, as did that of the majority of the world’s richest 500, as markets recovered from a turbulent 22.
Musk became the first person to have his net worth reduced by $200 billion last month, and he is now worth about $195 billion less than at his peak.