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Elon Musk is now the 28th-richest person in the world. ASSOCIATED PRESS. Tesla’s market cap hit $100 billion on Wednesday, speeding past Volkswagen, which currently sits at $88 billion. Tesla shares surged 16% in the week through January 23, increasing Elon Musk’s net worth by $1.7 billion to $32 billion. The 49-year-old Tesla CEO, who owns nearly 22% of the electric vehicle maker’s stock, is currently the 28th-richest person in the world. He also has an estimated $12.5 billion stake in SpaceX, his privately held aerospace company known for reusable rockets. Musk’s fortune has surged by more than $10 billion since The Forbes 400 list of richest Americans was published in October. If Tesl... Full story

24 January