Global marketsUpdated November 6

Forbes puts Musk up $45.2bn by Friday afternoon, back above $800bn

Forbes Middle East’s Friday update brings a bounce after the post-election selloff. By 1 p.m. EST, it estimated Musk’s fortune had gained $45.2bn, taking it back above $800bn as Tesla and SpaceX shares rose 4% and 6%, respectively. Forbes had estimated losses of around $35bn on Wednesday and $80bn on Thursday. Friday’s move was a partial recovery, not a reversal of the Thursday plunge.

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Coverage started November 6