Elon Musk gains $8 billion, becomes the 4th richest person in the world, as Tesla soars
Bruce Fraser outperformed the S&P 500 by nearly 286% as a hedge-fund manager before switching to real-estate investing. He details the strategy he used to amass more than 1,600 multifamily units.
Tesla shares have been on a tear this year, gaining roughly 349% and notching several all-time highs. The company has become the most valuable automaker in the world, fueled by solid vehicle sales amid the coronavirus pandemic, a streak of profitable earnings, and the potential that it could be included in the popular S&P 500 index.
Overall, Musk's net worth has grown by $57.2 billion this year, the second-largest gain behind Jeff Bezos' $73 billion increase. The
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