This past Monday, as Tesla made it onto the S&P 500, Elon Musk made a ton of cash. It was fast. 15 Billion by the end of the day. $10.4 Million a minute. $174,000 a second. Using my usual car comparisons with Musk, It’s the equivalent of dropping a Lamborghini Aventador off a ten story building, and you’ve paid for it before it hits the ground. And because he owns SpaceX, after that car drop he could launch about 250 of his Falcon 9 rockets at retail price.
The SpaceX and Tesla CEO has amassed $15billion (£11.3billion) on top of his already hefty fortune.
That means Musk now has a net worth of around $117.5billion, according to the Bloomberg Billionaires Index.
It’s all thanks to Tesla being accepted on the S&P 500, a major US stock market index.