Over the Week Musk’s Fortune Grew by More Than $ 5 Billion

Over the Week Musk’s Fortune Grew by More Than $5 BillionBy Marko Vidrih on The CapitalTesla’s CEO Elon Musk got richer by $5.2 billion over the week. An increase in his fortune was facilitated by the growth of the company’s shares since June 26.I really don’t give a damn. These numbers are rising and falling, but it’s really important to make great products that people love,” he commented to Forbes about the growth of his capital.Last week it became known that Tesla became the most valuable automotive company in the world, ahead of Toyota with a market capitalization of $208 billion. Since the beginning of 2020, the value of Tesla shares has more than doubled.Musk takes 16th place in the list of the richest people in the United States. In the world ranking, he is in 22nd position. His fortune is $46.3 billion.Earlier Tesla investors were urged to support the exclusion of Musk from the board of directors of the company. The reason for this is the bonus deal, due to which he can earn a record $55.8 billion. The authors of the initiative believe that the deal could be the cause of a lawsuit. They propose not to allow the re-election of the Musk in order to prevent damage to the reputation of the company and its shareholders.Author: Marko VidrihFeatured image credit: UnsplashCryptomarkshttps://medium.com/media/3b6b127891c5c8711ad105e61d6cc81f/hrefOver the Week Musk’s Fortune Grew by More Than $ 5 Billion was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Author: Marko Vidrih