Elon Musk is now approximately $100 billion richer than Jeff Bezos, and his net worth is on the edge of exceeding $300 billion

Elon Musk is now approximately: could become the first individual to have a net worth of $300 billion in the near future.

On Monday, Elon Musk, Tesla’s CEO and the world’s richest man, added more than $36 billion to his fortune after the automaker’s stock rose 12.7 percent in response to Hertz‘s statement that it will order 100,000 electric vehicles by the end of 2022 to expand its electric vehicle rental fleet.

His fortune grew by the most in a single day in the history of the Bloomberg Billionaires Index, equaling the net worth of the world’s 34th richest individual. According to Bloomberg, his $289 billion puts him about $100 billion ahead of former No. 1 Jeff Bezos, who was worth $193 billion as of Monday.

Elon Musk is now approximately has also extended his lead over previous bearers of the title of world’s wealthiest person. He is now worth $184 billion more than Warren Buffett, the world’s 10th richest person, and more than $150 billion more than Bill Gates, the world’s fourth richest person.

Musk’s net worth has now eclipsed the market capitalization of. Toyota, the world’s second-largest automaker, which is valued at roughly $283 billion. In July 2020, Tesla overtook Toyota as the most valuable company in the world.

Musk’s fortune has grown by $119 billion this year, mainly to the good performance of. Tesla stock and a recent share sale at. SpaceX, which he founded and valued at $100 billion. According to Bloomberg, the SpaceX transaction increased Musk’s net wealth by $11 billion.

After last week’s earnings report, Tesla is on its longest profit streak in its. 18-year history, with nine straight quarterly profits under its belt. In the three months ended Sept. 30, the carmaker delivered 241,300 automobiles.

On Monday, Tesla’s market capitalization surpassed $1 trillion, putting it on par with Apple, Microsoft, and Amazon. “Wild $T1mes!” Musk said on Twitter, congratulating his 61.4 million Twitter followers on the milestone.

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