Elon Musk's Networth Soared $9 Billion After Tesla Hit New All-Time High

Founder Elon Musk's personal fortune rose by another $9 billion after shares of Tesla Inc hit a new record high on Friday, ahead of its inclusion in the S&P 500 index. The stock was up 6% to hit a high of $695.

The electric car maker is set to join the S&P 500 index, the world's most widely tracked stock index, on 21 December. After its over 700% surge in a year's time, the company will be the most valued stock to ever join the index.

Meanwhile, Musk's net worth is now $167.3 billion, according to the Bloomberg Billionaires Index. Out of the total, the 49-year old entrepreneur's $139.7 billion wealth was added this year alone, due to the dramatic surge in Tesla's share price, making him the second richest person in the world, surpassing Facebook's Mark Zuckerberg and Microsoft's Bill Gates.

Amazon's Jeff Bezos stands strong as the world's richest with a net worth of $187 at the end of Friday's market session, as per the Bloomberg Billionaires Index. The third richest person is currently Bill Gates at $131 billion, followed by French Tycoon Bernard Arnault at $110 billion and Mark Zuckerberg at $105 billion.