Elon Musk $36 billion richer after Hertz order 100,000 Tesla vehicles, making the electric car maker hit $1 trillion market cap

Elon Musk $36 billion richer after Hertz order 100,000 Tesla vehicles

The stocks of electric car company, Tesla skyrocketed after Car rental firm, Hertz ordered 100,000 of Tesla vehicles, making the fortunes of the company’s CEO to go up.

This makes his total fortune $281 billion. An investment company had earlier predicted Elon may become the world’s first trillionaire, saying his SpaceX company has much potentials. Read more Elon Musk predicted to become world’s first trillionaire

The additional wealth to his personal fortune jumped by $36.2 billion according to Bloomberg, making it the biggest one-day gain in history.

“It is the biggest one day gain in the history of The Bloomberg Billionaires Index, eclipsing Chinese tycoon Zhong Shanshan’s $36 billion surge last year when his bottled water company, Nongfu Spring Co., went public. Musk’s net worth of $288.6 billion is now greater than the market value of Exxon Mobil Corp. or Nike Inc.” Bloomberg

The company’s shares is now 13% after the Car rent deal, pushing I market value to surpass $1 trillion.

Read also Asia’s richest man, Mukesh Ambani join Elon Musk, Jeff Bezos, Mark Zuckerberg in world’s most exclusive wealth club with $100 billion fortune

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The fortunes of Elon Musk is directly linked to shares and options of his Tesla company. In general, stocks of Tesla soars to $1000/share for the first time, making the company to hit a $1 trillion market cap.

Source: Bloomberg

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