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2023-10-05

Down 5% still richer?

Elon Musk Becomes $10 Billion Richer After Tesla Stock Shoots Up 6%

TOPLINEElon Musk, the world’s richest man, grew his net worth by $10.5 billion Wednesday, a 4.2% increase, on the back of an approximately 6% jump in Tesla’s stock, which comprises a vast majority of

Elon Musk Becomes $10 Billion Richer After Tesla Stock Shoots Up 6%

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[+]GETTY IMAGES FOR THE MET MUSEUM/VOGUE\" title=\"Elon Musk photographed attending the 2022 Met Gala Celebrating &#34;In America: An Anthology of Fashion&#34; ... [+]GETTY IMAGES FOR THE MET MUSEUM/VOGUE\" tg-width=\"1440\" tg-height=\"810\"/><span>Elon Musk photographed attending the 2022 Met Gala Celebrating &#34;In America: An Anthology of Fashion&#34; ... [+]GETTY IMAGES FOR THE MET MUSEUM/VOGUE</span></p><h2 id=\"id_3003995201\">KEY FACTS</h2><ul style=\"\"><li><p>Tesla’s 5.9% increase brought the share price to about $261 for the stock when markets closed Wednesday afternoon.</p></li><li><p>This comes despite a report released Monday that showed a 7% decline in vehicle deliveries during the third quarter, something the company blamed on factories being temporarily shut down for upgrades.</p></li><li><p style=\"text-align: start;\">Still, investors bet on a fourth-quarter rebound with the launch of a revamped Model 3 car in China and the expected launch of the Cybertruck, according to Investor’s Business Daily.</p></li></ul><h2 id=\"id_1239351990\" style=\"text-align: start;\">KEY BACKGROUND</h2><p style=\"text-align: start;\">Musk first jumped into the top spot on <em>Forbes’ </em>Billionaires List in September 2021. “I’m sending a giant statue of the digit ‘2’ to Jeffrey B., along with a silver medal,” he told <em>Forbes </em>after overtaking Amazon’s Jeff Bezos—who, with a $149.8 billion estimated net worth, is now No. 3—for the spot. Recently, he and French fashion mogul Bernard Arnault have been flipping back and forth between the No. 1 and No. 2 spots, though Musk has maintained his spot as No. 1 in recent weeks. Around $170.6 billion of his $260.4 billion net worth comes in the form of Tesla stock. Other significant assets include his 42% stake in SpaceX, which amounts to $60.2 billion, and his acquisition of Twitter in October 2022, which is now worth $8.9 billion (he purchased the social media platform for $44 billion). <em>Forbes </em>estimates he has $5.2 billion in cash and other liquid assets.</p><h2 id=\"id_3030639260\" style=\"text-align: start;\">TANGENT</h2><p style=\"text-align: start;\">Musk has given away a meager fraction of his wealth to charitable causes, <em>Forbes </em>has found. <em>Forbes</em> estimates Musk, who signed the Giving Pledge in 2012, has donated $281 million over his lifetime to charitable causes, which is less than 1% of his net worth as of September 2023. Though, he’s not alone among America’s richest in his lack of philanthropy. Oracle cofounder Larry Ellison, Nvidia cofounder Jensen Huang and 124 others on <em>Forbes’ </em>400 list have all given away less than 1% of their wealth. Of the 400 richest Americans, only a handful have given away more than 20% of their wealth: John Arnold, Edythe Broad, Warren Buffett, Bill Gates, Melinda French Gates, Amos Hostetter Jr., Pierre Omidyar, MacKenzie Scott, Lynn Schusterman, Jeff Skoll and George Soros.<br/></p></body></html>","source":"fors","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk Becomes $10 Billion Richer After Tesla Stock Shoots Up 6%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk Becomes $10 Billion Richer After Tesla Stock Shoots Up 6%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-05 06:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.forbes.com/sites/willskipworth/2023/10/04/elon-musk-becomes-10-billion-richer-after-tesla-stock-shoots-up-6/?sh=1e8ea8ff6f45><strong>Forbes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TOPLINEElon Musk, the world’s richest man, grew his net worth by $10.5 billion Wednesday, a 4.2% increase, on the back of an approximately 6% jump in Tesla’s stock, which comprises a vast majority of ...</p>\n\n<a href=\"https://www.forbes.com/sites/willskipworth/2023/10/04/elon-musk-becomes-10-billion-richer-after-tesla-stock-shoots-up-6/?sh=1e8ea8ff6f45\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.forbes.com/sites/willskipworth/2023/10/04/elon-musk-becomes-10-billion-richer-after-tesla-stock-shoots-up-6/?sh=1e8ea8ff6f45","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139522766","content_text":"TOPLINEElon Musk, the world’s richest man, grew his net worth by $10.5 billion Wednesday, a 4.2% increase, on the back of an approximately 6% jump in Tesla’s stock, which comprises a vast majority of his wealth—putting his total riches at $260.4 billion.Elon Musk photographed attending the 2022 Met Gala Celebrating \"In America: An Anthology of Fashion\" ... [+]GETTY IMAGES FOR THE MET MUSEUM/VOGUEKEY FACTSTesla’s 5.9% increase brought the share price to about $261 for the stock when markets closed Wednesday afternoon.This comes despite a report released Monday that showed a 7% decline in vehicle deliveries during the third quarter, something the company blamed on factories being temporarily shut down for upgrades.Still, investors bet on a fourth-quarter rebound with the launch of a revamped Model 3 car in China and the expected launch of the Cybertruck, according to Investor’s Business Daily.KEY BACKGROUNDMusk first jumped into the top spot on Forbes’ Billionaires List in September 2021. “I’m sending a giant statue of the digit ‘2’ to Jeffrey B., along with a silver medal,” he told Forbes after overtaking Amazon’s Jeff Bezos—who, with a $149.8 billion estimated net worth, is now No. 3—for the spot. Recently, he and French fashion mogul Bernard Arnault have been flipping back and forth between the No. 1 and No. 2 spots, though Musk has maintained his spot as No. 1 in recent weeks. Around $170.6 billion of his $260.4 billion net worth comes in the form of Tesla stock. Other significant assets include his 42% stake in SpaceX, which amounts to $60.2 billion, and his acquisition of Twitter in October 2022, which is now worth $8.9 billion (he purchased the social media platform for $44 billion). Forbes estimates he has $5.2 billion in cash and other liquid assets.TANGENTMusk has given away a meager fraction of his wealth to charitable causes, Forbes has found. Forbes estimates Musk, who signed the Giving Pledge in 2012, has donated $281 million over his lifetime to charitable causes, which is less than 1% of his net worth as of September 2023. Though, he’s not alone among America’s richest in his lack of philanthropy. Oracle cofounder Larry Ellison, Nvidia cofounder Jensen Huang and 124 others on Forbes’ 400 list have all given away less than 1% of their wealth. Of the 400 richest Americans, only a handful have given away more than 20% of their wealth: John Arnold, Edythe Broad, Warren Buffett, Bill Gates, Melinda French Gates, Amos Hostetter Jr., Pierre Omidyar, MacKenzie Scott, Lynn Schusterman, Jeff Skoll and George Soros.","news_type":1},"isVote":1,"tweetType":1,"viewCount":99,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":18,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}