Tesla CEO Elon Musk, Meta CEO Mark Zuckerberg, and Amazon founder Jeff Bezos added billions to their net worth as Wall Street bounced back on Monday, erasing Friday’s losses.
Musk became richer by $2.7 billion on a single day, while Zuckerberg and Bezos added $6.55 billion and $3.36 billion, respectively, to their net worth after the NASDAQ 100 rallied1.52% and closed at 19,701.21 on Monday, nearing an all-time high, following Iran’s signals of a desire to reduce tensions with Israel and return to negotiations.
This development has alleviated geopolitical concerns that had previously unsettled investors and caused a surge in oil prices last week. Meanwhile, the S&P 500 and the Dow Jones Industrial Average ended 0.94% and 0.75% higher, respectively.
The shares of Meta, Amazon and Tesla surged 2.90%, 1.89% and 1.17%, respectively, amid improved investor sentiment. Additionally, Meta stock climbed following the announcement that WhatsApp will display ads and offer paid subscriptions fo...
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