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Musk's wealth soars $1.1 bn in one day


Elon Musk added $1.1 billion to his fortune on Tuesday as electric-car maker Tesla Motors Inc and solar power company SolarCity Corp closed at records on investor optimism over his plans to build one of the biggest battery factories on Earth. Musk, who leads Tesla and is both its and SolarCity's biggest shareholder, has a net worth of $11.7 billion, according to the Bloomberg Billionaires Index, up 10 per cent since yesterday and $3.8 billion year-to-date. The South African-born Musk, 42, is the world's 94th richest person and trails only Facebook Inc.'s Mark Zuckerberg in ...

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First Published: Thu, February 27 2014. 00:49 IST