Elon Musk’s fortune soars RM149.34bil in a day on Hertz order


Musk’s net worth of US$288.6bil (RM1.19 trillion) is now greater than the market value of Exxon Mobil Corp or Nike Inc. — Reuters

Elon Musk’s personal fortune jumped by US$36.2bil (RM149.34bil) on Oct 25 after Hertz Global Holdings Inc placed an order for 100,000 Teslas and filings showed a fresh tranche of options in his moonshot pay package vested.

It’s the biggest one-day gain in the history of the Bloomberg Billionaires Index, eclipsing Chinese tycoon Zhong Shanshan’s US$32bil (RM132.75bil) surge last year when his bottled-water company, Nongfu Spring Co, went public. Musk’s net worth of US$288.6bil (RM1.19 trillion) is now greater than the market value of Exxon Mobil Corp or Nike Inc.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Smartphone on your kid’s Christmas list? How to know when they’re ready.
A woman's Waymo rolled up with a stunning surprise: A man hiding in the trunk
A safety report card ranks AI company efforts to protect humanity
Bitcoin hoarding company Strategy remains in Nasdaq 100
Opinion: Everyone complains about 'AI slop,' but no one can define it
Google faces $129 million French asset freeze after Russian ruling, documents show
Netflix’s $72 billion Warner Bros deal faces skepticism over YouTube rivalry claim
Pakistan to allow Binance to explore 'tokenisation' of up to $2 billion of assets
Analysis-Musk's Mars mission adds risk to red-hot SpaceX IPO
Analysis-Oracle-Broadcom one-two punch hits AI trade, but investor optimism persists

Others Also Read