Elon Musk's net worth soars by $21 billion as Tesla stock jumps 11% in the tech rebound
Elon Musk's net worth jumped by $21 billion Monday as Tesla stock soared 11% during the technology rally.
Overall, Monday's rebound helped the top 10 richest people add more than $44 billion to their fortunes.
Despite the rally, Musk's net worth has fallen close to 30% since its November peak, as investors have sold tech
The Tesla CEO's wealth ballooned in 2020 and 2021 as shares in his company skyrocketed.
But it has fallen by close to $30 billion so far in 2022 as the electric-vehicle maker has been caught up in a major tech sell-off
However, stocks in tech companies rebounded Monday, and Tesla jumped 10.68% to $936.72 after Credit Suisse published a bullish analyst note on the automaker
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