Hyperdrive
Elon Musk’s $139 Billion Fortune Leads Huge EV Wealth Gains
- Tesla co-founder has amassed the most money this year
- Chinese rivals behind Nio, XPeng added wealth at quicker pace
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Elon Musk’s dizzying ascent in 2020 hit a new peak this week as he’s about to become the head of an S&P 500 Index company. That’s just days after surging to the second-richest person on the planet with a $139 billion fortune.
But the Tesla Inc. chief executive officer isn’t the only electric-vehicle entrepreneur to have turned fabulously wealthy this year. Some rivals are growing their net worths at an even quicker rate, according to the Bloomberg Billionaires Index.