Elon Musk’s fortune exceeds ExxonMobil’s market value

The fortune of the billionaire founder of Tesla and SpaceX, Elon Musk, is now greater than the market value of ExxonMobil, and is on its way to becoming the first trillionaire in history, according to forecasts by analysts at Morgan Stanley.

According to the Bloomberg Billionaires Index, the wealth of the richest person in the world rose to $ 288.6 billion on Monday. Musk added $ 36.2 billion to his fortune in the wake of Tesla’s share price hike after Hertz Global Holdings Inc ordered nearly 100,000 vehicles.

The value of the deal has been estimated by Bloomberg sources at around $ 4.2 billion, but the most important thing about the deal is that it equates to 10% of Tesla’s target production in 2021, and is the largest deal in history. from the auto electric.

Overtaking ExxonMobil’s market cap might seem like a milestone in Musk’s journey. But the oil company’s share price did not lag behind quest’year.

Although Musk overtook it in early 2021, questyear Exxon Mobil overtook Tesla CEO with soaring oil and natural gas prices. But as demands for a shift to clean energy continue, it could help spur more sales of auto electric.

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