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Elon Musk’s Net Worth Rose $1.4 Billion From a Single Tweet

Elon Musk’s Net Worth Rose $1.4 Billion From a Single Tweet

We recently reported that Elon Musk tweeted he was considering making Tesla a privately-owned company, and since then Musk has become $1.4 billion richer. Musk tweeted he would make shared cost $420 and claimed he got “funding secured” to make it happen.

After he announced these things, stockholders ran to buy shares while they could, which increased Musk’s net worth by over a billion dollars. Stocks closed up 11% at $379.57 each, making his net worth a grand total of $25.8 billion. Tesla‘s stock rose 25.5% in this months as skeptic investors who bet against Tesla’s stock have lost $3 billion on their wagers, meaning Musk has gotten richer in August than his pessimists.