Following the rise in Tesla’s market capitalization, the company’s CEO, Elon Musk’s net worth has climbed to $300 billion.
Elon Musk’s net worth increase is as a result of the 12% rise in Tesla’s share price on Monday, a development which shot the company into the league of Trilion dollar companies.
Musk’s personal net worth is now worth more than one of his biggest rivals Exxon Mobil whose current net worth is $272 billion. Musk is also worth more than his fellow mega-billionaires, Bill Gates and Mark Zuckerberg combined.
Tesla is also worth more than three times the market value of Toyota which is the second most valuable automaker with a market capitalization of $280 billion.
The excitement of public about the future of electric vehicles has pushed the company’s market value to exceed the combined value of eleven of the world’s automakers.
