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Elon Musk’s Fortune Jumps More Than 25 Billion Dollars in One Day

Adel 26 October, 2021 3:05 pm Market Update

Tesla CEO Elon Musk’s fortune jumped $25.6 billion after his company’s shares jumped more than 12% to surpass $1 trillion in market value.

According to the Forbes Rich List, Elon Musk’s fortune rose to $255.2 billion from $229.6 billion, or 11% in trading on Monday, October 25.

Tesla shares rose after global car rental company Hertz ordered the company for 100,000 cars to add to its fleet by the end of 2022.

Elon Musk owns 21% of Tesla, but has mortgaged more than half of his stake as collateral for loans.

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