Elon Musk-Tesla stock Soar: How Tesla stocks today help Elon Musk widen gap with Oracle cofounder Larry Ellison in World's Richest Person lists?

Elon Musk seems to be today's biggest winners among the world's richest persons lists as Tesla stocks are scaling new heights at the US Stock Market on Monday. The big movement comes as CEO Elon Musk bought about $1 billion worth of shares in Tesla, according to a regulatory filing, sending the share price up six percent on Monday. According to the filing with the Securities and Exchange Commission, the billionaire, who also owns social media platform X and space company SpaceX, on Friday acquired 2.57 million shares at prices ranging from $371 to $396.

Elon Musk vs Larry Ellison

As on September 15, Musk has $419 billion as net worth, way more than Oracle cofounder Larry Ellison's $349 billion, according to the Bloomberg Billionaires Index. According to Forbes Real-Time Billionaires list, Musk has a net worth of $477.2 billion. The second person in the list is Larry Ellison with a net worth of $364.9 billion.


Tesla stocks were up by over five per cent to $418.27 per share. Oracle stocks were up by over three per cent to $302.15 per share.

Tesla's $1 Trillion for Elon Musk

Tesla unveiled a proposed compensation package for Musk that could top $1 trillion if he delivers on his vision for stratospheric growth from new technologies.

The plan potentially provides Musk -- already the world's wealthiest person -- with up to 12 percent of additional total company shares. To reach the full award, Tesla must reach a market capitalization of "at least $8.5 trillion by 2035," according to a filing, which announced a shareholder vote on the proposal in November.

Tesla is currently challenging a Delaware court ruling that struck down a 2018 package for Musk worth about $55.8 billion. Tesla's current market capitalization is just over $1 trillion, down somewhat from its peak following recent weak earnings.

FAQs

Q1. Who is richest person in the world?
A1. Elon Musk is the richest person in the world, according to the Bloomberg Billionaires Index and Forbes Real-Time Billionaires list.

Q2. What is Elon Musk' net worth?
A2. As on September 15, Elon Musk has $419 billion as net worth. According to Forbes Real-Time Billionaires list, Elon Musk has a net worth of $477.2 billion.