Tesla CEO Elon Musk has emerged as the richest person in the history of the world with an estimated net worth of $271.3 billion, according to data released by Forbes.
The stock market value of the electric automaker surpassed $1 trillion on Monday, bringing double jackpot for Musk, who is also CEO of SpaceX, a private company worth $100 billion as of an October secondary share sale, according to a CNBC report.
Tesla witnessed 12.7% surge in share value after it received biggest-ever order from rental car company Hertz.
With Tesla’s historic stock market value, Musk’s 23% stake in the newly minted trillion-dollar company has reached close to $230 billion, according to Refinitiv.
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