At the beginning of the new year of 2022, Tesla CEO Elon Musk ushered in the "opening red". On the first trading day, Thanks to the soaring Tesla stock price, Musk's net worth increased by $32.6 billion.
Musk's net worth is currently estimated at $304.2 billion, which once again helps him break through the $300 billion threshold. In November 2021, Musk's fortune briefly exceeded $300 billion for the first time.
Musk remains the richest man in the world, $103.6 billion more than Bernard Arnault, ceo of second-ranked French fashion giant LVMH.
Musk's wealth surge is still thanks to Tesla's soaring stock price. Earlier, the electric car maker announced that it would deliver more than 936,000 vehicles in 2021, exceeding analysts' forecasts.
Investors reacted quickly at the stock market open, seemingly unaffected by the company's recall of 475,000 defective cars on December 30 last year, with Tesla shares jumping more than 13 percent at the close. After falling below the $1 trillion mark last month, the company's market capitalization once again broke through that milestone.
Musk holds about 15.6 percent of Tesla. He sold a total of 15.7 million shares of Tesla stock last year, worth more than $16 billion (before tax). Musk tweeted last December that he would pay about $11 billion in taxes in 2021, which could make him one of the most taxed individuals in U.S. history.
Musk's wealth has begun to surge in the last two years, jumping more than $200 billion in 2020 and 2021, adding $116 billion last year alone, the highest annual earnings record of any billionaire tracked by Forbes.
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