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Elon Musk adds $2.3 billion to his wealth in just an hour

Jan 30, 2020 14:37 IST

Elon Musk’s fortune swelled by $2.3 billion or around ₹16,500 crore in the span of an hour on Wednesday after shares of Tesla soared in extended trading on stronger-than-expected fourth-quarter earnings and ramped up production of its Model Y crossover SUV. The electric-vehicle maker’s stock, which closed at $580.99, surged 12% to $649 at 5:16 p.m. in New York, boosting the chief executive officer’s net worth to about $36 billion, according to the Bloomberg Billionaires Index.