{"id":448967,"date":"2020-11-17T06:52:51","date_gmt":"2020-11-17T04:52:51","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=448967"},"modified":"2020-11-17T06:52:51","modified_gmt":"2020-11-17T04:52:51","slug":"elon-musk-fortune-jumps-15-billion-on-teslas-sp-inclusion","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/motoring\/448967\/elon-musk-fortune-jumps-15-billion-on-teslas-sp-inclusion\/","title":{"rendered":"Elon Musk fortune jumps $15 billion on Tesla\u2019s S&#038;P inclusion"},"content":{"rendered":"<p>It\u2019s been an eventful few days for Elon Musk.<\/p>\n<p>The billionaire tested positive for Covid-19, his rocket company launched four astronauts into space and on Monday his electric carmaker Tesla Inc. was named for inclusion in the S&amp;P 500.<\/p>\n<p>The last bit of news added the equivalent of rocket fuel to his fortune. Musk, 49, is poised to become the world\u2019s third-richest person, leapfrogging Mark Zuckerberg, after his net worth swelled by more than $15 billion in extended trading.<\/p>\n<p>Tesla, whose stock closed at $408.09, surged about 14% at 6:20 p.m. in New York, lifting Musk\u2019s net worth to $117.5 billion, according to the Bloomberg Billionaires Index. His wealth has jumped $90 billion this year, the biggest gain on the ranking of the world\u2019s 500 richest people.<\/p>\n<p>Tesla will enter the S&amp;P 500 on Dec. 21 following months of speculation, and one temporary setback, after the stock failed to make the cut during the index\u2019s quarterly rebalancing in early September. Tesla would be the biggest new entrant in the group\u2019s history.<\/p>\n<p>On Saturday, Musk tweeted that he \u201cmost likely\u201d had a moderate case of Covid-19 and has had symptoms of \u201ca minor cold.\u201d Sunday he tweeted he had no symptoms.<\/p>\n<p>That same day four astronauts were launched to the International Space Station in a vehicle built by Musk\u2019s Space Exploration Technologies Corp.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/motoring\/442622\/best-quarter-in-history-elon-musk-praises-tesla\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u2018Best quarter in history\u2019 \u2013 Elon Musk praises Tesla<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s been an eventful few days for Elon Musk. The billionaire tested positive for Covid-19, his rocket company launched four astronauts into space and on Monday his electric carmaker Tesla Inc. was named for inclusion in the S&#038;P 500.<\/p>\n","protected":false},"author":59,"featured_media":442628,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11119],"tags":[26,6118],"class_list":["post-448967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-motoring","tag-headline","tag-tesla"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/448967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=448967"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/448967\/revisions"}],"predecessor-version":[{"id":448969,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/448967\/revisions\/448969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/442628"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=448967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=448967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=448967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}