Elon Musk Is Now the World’s Fourth-Richest Person

Tesla shares surged 11%, increasing Elon Musk's net worth by $8 billion in one day. His wealth has nearly tripled this year, surpassing Bernard Arnault, making Musk one of the top four richest Americans. Tesla's stock, which Musk owns 20% of, has gained 340% year-to-date, partly due to potential inclusion in the S&P 500 and increased retail interest. Musk's wealth also comes from SpaceX and his Tesla compensation package, which is tied to the company's market cap. Despite the economic challenges faced by many, tech executives like Musk have seen significant wealth growth, raising questions about scrutiny and fairness.

What percentage did Tesla shares surge on Monday?

How much did Musk's net worth increase in just one day?

What is the current status of Musk's net worth compared to Bernard Arnault?

What factors contributed to the increase in Tesla's stock value?

What scrutiny have wealthy tech executives faced this year?