Elon Musk Is $11.5 Billion Richer This Week As Tech Stocks Soar

Elon Musk Is $11.5 Billion Richer This Week As Tech Stocks Soar

Following strong earnings reports and bullish new takes from Wall Street analysts, tech stocks soared this week, padding the fortunes of the world’s richest. The top ten gainers added a combined $74 billion to their net worth.

Tesla CEO Elon Musk was the week’s biggest gainer with $11.5 billion. Tesla shares climbed 7.4% this week after Piper Sandler analyst Alexander Potter gave it a $1,200 price target, anticipating strong growth. Tesla outperformed strong showings by the S&P 500 and Dow Jones Industrial Average, which rose 4.6% and 3.9%, respectively.

Google founders Sergey Brin and Larry Page gained $10.4 billion and $10 billion, respectively, after a strong week for Google’s parent company, Alphabet. Alphabet’s stock jumped more than 14% this week after falling 3.4% last week. The company reported strong earnings on Tuesday, bolstered by a comeback in its digital advertising business, which took a serious hit during the pandemic.

HERE ARE THE BIGGEST BILLIONAIRE GAINERS THIS WEEK:

The net worth change is from the Friday, January 29 market close to the Friday, February 5 market close.

1 | ELON MUSK

NET WORTH | $184.3 BILLION, UP $11.5 BILLION

COUNTRY | UNITED STATES

SOURCE OF WEALTH | TESLA


2 | COLIN ZHENG HUANG

NET WORTH | $69.1 BILLION, UP $10.7 BILLION

COUNTRY | CHINA

SOURCE OF WEALTH | PINDUODUO


3 | LARRY PAGE

NET WORTH | $90.8 BILLION, UP $10.4 BILLION

COUNTRY | UNITED STATES

SOURCE OF WEALTH | GOOGLE


4 | SERGEY BRIN

NET WORTH | $88.1 BILLION, UP $10 BILLION

COUNTRY | UNITED STATES

SOURCE OF WEALTH | GOOGLE


5 | JEFF BEZOS

NET WORTH |  $194.7 BILLION, UP $7.7 BILLION

COUNTRY | UNITED STATES

SOURCE OF WEALTH | AMAZON


6 | QIN YINGLIN

NET WORTH | $31.8 BILLION, UP $5.1 BILLION

COUNTRY | CHINA

SOURCE OF WEALTH | PIG BREEDING


6 | JIANG RENSHENG

NET WORTH | $27.3 BILLION, UP $5.1 BILLION

COUNTRY | CHINA

SOURCE OF WEALTH | VACCINES


8 | MA HUATENG

NET WORTH | $70.8 BILLION, UP $4.7 BILLION

COUNTRY | CHINA

SOURCE OF WEALTH | TENCENT


9 | ZHANG YONG

NET WORTH | $30.3 BILLION, UP $4.5 BILLION

COUNTRY | SINGAPORE

SOURCE OF WEALTH | RESTAURANTS


10 | LARRY ELLISON

NET WORTH | $89.2 BILLION, UP $4.3 BILLION

COUNTRY | UNITED STATES

SOURCE OF WEALTH | ORACLE


 

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