Elon Musk's fortune added almost $ 14 billion at the end of the week

The outgoing week turned out to be the most successful for Tesla CEO Elon Musk: his fortune grew by $ 13.7 billion following the results of five days of trading, Forbes.ru reports with reference to the American Forbes.

 

 At the time of publication, Musk's capital was estimated at $ 104.5 billion, according to the Forbes Real-Time rating, which is updated in real time. Musk's fortune returned to above $ 100 billion, which the billionaire had already reached in mid-fall, but then lost ground after the markets fell. Musk took fourth place in the ranking, beating Facebook CEO Mark Zuckerberg - his fortune is estimated at $ 99.1 billion, and his capital did not show significant growth in a week.

Musk's fortune has grown thanks to the rise in the value of Tesla shares. On Tuesday, November 17, S&P Global announced that the company by December 21 will be included in the S&P 500 index, which includes the largest US companies by capitalization. The company's shares then rose sharply, increasing Musk's fortune immediately by $ 10 billion per day. By the end of the week, Tesla shares rose almost 20% - and this despite the fact that the major stock indexes S&P 500 and Dow Jones fell 0.8% and 0.7%, respectively. Tesla may not stop there: after being included in the S&P 500, the companies will want to receive investment funds that are associated with the index, and this can bring up to $ 8 billion in new investments, says Arjun Menon, vice president of capital strategy in the US at Goldman Sachs.

 

 In addition to Tesla's success, Musk can be proud of another of his companies this week: SpaceX successfully sent four astronauts to the ISS. This was the first regular manned mission by a private company commissioned by NASA.

 

 The richest man in Europe, Louis Vuitton owner Bernard Arnault, increased his fortune by $ 5.6 billion in a week - to $ 140.5 billion. He ranks second in the list of the richest people in the world after Amazon CEO Jeff Bezos ($ 181.4 billion). Arnault owns LVMH, which also includes the Dior and Givenchy brands. The company's shares rose amid statements by the developers of vaccines against coronavirus - Pfizer and BioNTech, as well as Moderna - about the high efficiency of their substances. Vaccines will help reactivate international tourism, which will spur sales of luxury goods.

 

 Nike founder Phil Knight is also on the list of the most successful billionaires this week. The company said on Friday that it will increase its dividend payments by 12%. The sporting goods maker was up 3.7% weekly and 32% year-over-year. Knight's fortune added $ 1.5 billion in a week.

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