Elon Musk adds $2.3 billion to his fortune in 60 minutes

The Tesla and SpaceX CEO Elon Musk’s fortune swelled by $2.3 billion in the span of an hour after shares of Tesla Inc. soared.

The electric-vehicle maker’s stock, which closed at $580.99, surged 12% to $649 at 5:16 p.m. in New York, boosting the chief executive officer’s net worth to about $36 billion, according to the Bloomberg Billionaires Index.