Elon Musk Made $1.1 Billion Yesterday

January 14, 2014 – 10:20 am

Elon Musk made $1.1 billion on paper yesterday, according to the Bloomberg Billionaires index, as shares of (TSLA) gained nearly 14 percent. The haul brings his net worth to $11.7 billion, up 47.8 percent since the start of the year.

This chart shows the vertiginous climb in Musk’s net worth since spring—and especially since the end of 2013:

The right edge of the chart resembles the neck of a noshing Apatosaurus. Musk’s fortune closely tracks with Tesla stock, also displayed above—he’s the largest shareholder, owning 23 percent of the company. Musk also owns a quarter of SolarCity, an energy company that has also shot up this year, and a $2.1 billion stake in Space Exploration Technologies, aka SpaceX.

As big as Musk’s 2014 has been, two billionaires have outpaced him this year. With a gain of $7.8 billion, Jack Ma, founder of China’s Alibaba Group, has leapt into the world’s top 100 richest people ahead of an expected initial public offering. And Mark Zuckerberg has ridden a 27 percent surge in (FB) shares to pad his $31.2 billion fortune by $6.5 billion.


Source: www.bloomberg.com

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