Elon Musk becomes $25 billion richer after Tesla, Hertz electric car deal

Elon Musk becomes the richest human being to ever live on earth

As if he wasn’t already rich enough, Tesla CEO Elon Musk just made another $25 billion in a sweet deal with a car company.

He was already the richest person alive, surpassing Amazon founder Jeff Bezos in September, but he hasn’t stopped there.

Tesla has now joined the trillionaire club with the likes of Facebook, Google, Apple and Microsoft.

On Monday, Hertz announced it was going to buy 100,000 Tesla Model 3 sedans to add to its rental car repertoire, causing Tesla’s share price to skyrocket.

Tesla stocks jumped by US$25.6 billion, a rise of 13 per cent, its biggest day ever.

The stocks were priced at $1,024.86 by market close and the company’s market capitalization exceeded $1 trillion.

Considering Elon Musk has around a 20 per cent stake of the company, he made a lot of money — more than anyone else ever has, in fact.

His net worth is now at a staggering US$255.2 billion, according to Forbes.

It’s “the richest he’s ever been, and likely the richest person to ever walk the planet. He’s richer than any billionaire Forbes has ever tracked,” it added.

Jeff Bezos, in second place on the rich list, is considerably behind, with a US$193.2 billion fortune.


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