American billionaire Elon Musk, the founder of SpaceX and co-founder of Tesla, among others, became the fourth richest person in the world, surpassing the Frenchman Bernard Arnault, the main shareholder of the largest luxury goods retailer, LVMH Moët Hennessy Louis Vuitton.
Musk’s net worth rose $ 7.8 billion in a single day after Tesla shares rose 11.2 percent to close at a record $ 1835.64 on Monday. Musk, which owns about 20 percent of Tesla, currently has an estimated fortune of $ 84.8 billion.
The head of Tesla overtook the richest European in Europe, the Frenchman Bernard Arnault, and came very close to the occupant of the third place, Mark Zuckerberg. The founder of Facebook recently joined the club of people with a fortune of 100 billion dollars, joining Bill Gates and the founder of Amazon, Jeff Bezos, the richest man in the world.
Tesla shares closed for the first time on Monday above the threshold of $ 1,800 / unit, just two months after exceeding the level of $ 1,000. Depending on the price since yesterday’s closing of transactions, Tesla’s capitalization amounts to 342.02 billion dollars, by far the highest market value for a car manufacturer. For comparison, Toyota Motor, until last month the largest car manufacturer according to this benchmark, has a capitalization of 221.12 billion dollars.
Since the beginning of the year, Tesla shares have appreciated by 339%, amid expectations of the company’s inclusion in the S&P 500 index of the New York Stock Exchange, as well as in the context in which Tesla enjoys high demand for its cars in China, the largest car market in the world. Tesla’s announcement on the division of shares by 5 to 1 also contributed to the developments of the last days, in order to make them more attractive for small investors.
Wedbush Securities analyst Dan Ives yesterday raised the target price for Tesla shares over the next 12 months to $ 1,900, from $ 1,800 previously, information that fueled the advance of more than 11% in the trading session. In the premarket trades today, Tesla shares appreciated by more than 4% compared to the reference on Monday, up to the price of $ 1,908 / unit. Musk’s fortune rose $ 57.2 billion this year, according to Bloomberg calculations, the second-largest advance in the top 500 billionaires. In the same period, Jeff Bezos’ fortune increased by $ 73 billion to $ 188 billion.