How rich is Elon Musk? He alone is worth more than the oil company Exxon
The businessman's fortune now stands at $ 288.6 billion.
It's just one of many flashy data amid a string of superlatives, but Elon Musk's net worth is now higher than that of oil company Exxon.
The wealth of the world's richest person jumped to $ 288.6 billion on Monday, according to the Bloomberg Billionaires Index. The $ 36.2 billion profit followed a rise in Tesla's stock price after Hertz ordered 100,000 cars.
Outshining the value of an old-economy benchmark like Exxon may seem like an inevitable milestone in Musk's trajectory, but the oil company's own share price has not fallen this year.
Despite being overtaken by Musk in early 2021, Exxon has been close. This year he surpassed the CEO of Tesla as oil and natural gas prices rose. Still, that fossil fuel rally, if it continues, may help drive EV sales even further.
Elon Musk, the richest man in the history of mankind
Musk's jump is the biggest one-day gain in the history of the Bloomberg Billionaires Index, dwarfing the $ 32 billion surge in Chinese mogul Zhong Shanshan's fortune than when his bottled water company, Nongfu Spring, went public in 2020.
Musk is also increasingly distancing himself from his fellow billionaires. When it comes to the size of his fortune, Amazon's Jeff Bezos ranks second to nearly $ 40 billion from the Tesla co-founder.
