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Leadership Academy


With Tesla's share price on the rise, Elon Musk is suddenly the world's second-richest person

(24 Nov 2020) According to the Bloomberg Billionaire Index, Tesla (TSLA $522) and SpaceX founder Elon Musk is now worth $128 billion. He can thank the S&P 500 Index committee in a way: their decision to admit Tesla to the benchmark index has pushed that stock noticeably higher in recent days; in fact, Musk's net worth increased by $7.2 billion on Monday alone. But that's comparative peanuts: So far in 2020, Musk's net worth has risen by $100 billion, moving him from the number 35 spot of the world's richest people to the number two spot this week, knocking Microsoft founder Bill Gates to the number three position. 

We imagine the prestige of being the world's second-richest person doesn't mean too much to Musk; his passion for what he does and his grand strategic vision of "making life multiplanetary" drives his thought process. Those who want to get the most out of life should take this lesson to heart with respect to uncovering and following their own unique passions. Another lesson we can learn from Musk: As all of the critics and naysayers were impugning both him and his audacious goals, he forged ahead relentlessly.   
Content copyright, 2023, Penn Wealth Publishing, LLC. All rights reserved.

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Any opinions expressed are those of Penn Wealth Publishing, LLC and are current only through the date published. These views are subject to change at any time based on market and other conditions, and no forecast can be guaranteed. Past performance is no guarantee of future results. Always consult your investment professional before investing any money. Any and all commentary and data on this Site is for informational purposes only, and is not a solicitation to buy or sell any investment. Penn Wealth Publishing is a separate entity from Penn Wealth Management, LLC, our registered investment advisory firm.
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  • Home
  • Report Library
    • Report Library Access
  • Products & Services
    • Penn Wealth Architect
    • Vol 10 Issue 01 Housing Issue
    • Vol 9 Issue 03 Show Goes On
    • Vol 9 Issue 02 Utilities
    • Market Downturn Toolkit
    • Professional Wealth Management
    • Personal Financial Website
    • Market Outlook
    • The Penn Global Leaders Club 2019
    • The Report
    • Worksheets & Tools
    • Building Your Empire
  • Our Organization
    • Which Route
  • Trading Desk
    • Trading Desk Private
  • The Penn Strategies
    • Sample Portfolios
    • Penn Strategic Income Portfolio
    • Penn Dynamic Growth Strategy
    • Penn Global Leaders Club
    • Penn Intrepid Trading Platform
    • Penn New Frontier Fund
    • Penn International Investor
  • Strategic Vision
    • The Blueprint
    • Leadership Academy >
      • Corporate Culture
    • Project Management
    • Western Civilization >
      • American Spirit
  • Command & Control
    • Action Environment >
      • Focus
    • Health & Longevity >
      • Cellular Health
    • Science of the Mind
    • Time Management
  • Harvesting Wealth
    • Business Development >
      • Building Your Business
      • Sales, Marketing, & Advertising >
        • Penn Digital Marketing
        • Advertising
        • Branding Strategy
      • SWOT Analysis
    • Business Finance
    • Real Estate Investment & Development
    • Retirement Planning >
      • Social Security, Medicare, & Medicaid
  • Tactical Awareness
    • Penn Wealth Realist's Dictionary
    • The Human Connection
    • Risk Management
    • Taxation >
      • Capital Gains & Losses
  • Investment Intelligence
    • Tactical Asset Allocation >
      • Tactical Asset Allocation—Private
    • Charts of the Week
    • Fixed Income Desk
    • Market Downturn Strategies
    • Science & Technology Investor >
      • Information Technology
      • Space Sciences & Exploration
    • Sector Weightings
    • Strategies & Tactics >
      • Behavioral Finance
      • Exchange Traded Funds
      • Fundamental Analysis >
        • Investment Valuation
      • Mergers & Acquisitions
      • Momentum Investing
      • Short Squeeze >
        • Short Squeeze Private
      • Technical Analysis
    • Under the Radar Private
  • Financial Planning
    • Balance Sheet >
      • The Investment Vault >
        • Emergency Reserve Fund
        • Company Plans
        • Individual Retirement Accounts
      • Debt
    • Cash Flow >
      • Income
      • Expenses
    • Education Funding >
      • Funding Strategies
      • Financial Aid
  • The Journey
    • Travel & Leisure >
      • Latin America