Tesla CEO Elon Musk is now the fourth richest person in the world

Elon Musk’s net worth is soaring in 2020, as Tesla’s surging stock price has roughly quadrupled since the start of the year.

Musk owns about 20% of Tesla’s stock, a stake that’s worth more than $50 billion, according to research firm Wealth-X. Overall, Musk’s personal net worth is estimated to be at least $66.7 billion, according to Wealth-X, which provided CNBC Make It with estimates of the value of Musk’s assets as of August 13. The rest of Musk’s net worth includes a stake in private aerospace startup SpaceX that Wealth-X values at $15.3 billion, along with cash and other substantial holdings, including multiple multimillion-dollar real estate holdings.

(In fact, Tesla’s stock continued to soar this week ahead of a stock split later this month which Wall Street analysts believe could cause even more demand for the hot stock.)

Tesla’s billionaire CEO, who is also the chief executive of SpaceX and founder of The Boring Company, has jumped up the billionaire rankings amid Tesla’s stock surge. Musk is now firmly in the top 10 of Bloomberg’s Billionaires Index, ranking fourth, just ahead of France’s LVMH chairman Bernard Arnault and behind Facebook’s Mark Zuckerberg. That’s a substantial rise for Musk, who ranked 46th on the Billionaires Index in May 2019.

So how does one of the world’s wealthiest people make and spend his fortune?


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[rzdxkkf]

He only needs "10 billion to pass Mark Zuckerberg. Not much." lmao

[SolvingTheMoneyProblem]

This is what happens when you retain significant ownership of multiple world-changing companies.

[silentnoob]

Elon Musk is the fourth richest person in the world "ON PAPER"

[yeshiva]

So $10 billion is "not much."

[caddyshack]

Hiring manager: What are your salary requirements?
Me: 11 million an hour

[cybertrk]

“Not taking into account secret Russian, Saudi, and Chinese wealth”

[alyssasosangyo]

*The only billionaire who deserves every penny.*

[alrightythen]

I can't help but smile from the way he dances

[chandlerplusbass]

The big ‘$90B’ fits with his awkward dancing so well 😂

[pooglechen]

The difference between Musk and Bezos is that Musk would've arguably made more w/o covid whereas Bezos made more because of covid

[Mark-ldum]

Elon has made me quite wealthy as well with TSLA 😁👍

[theboontz]

Not only did Elon make money, a lot of his followers made out with some money too 😎

[ich.crypto]

1st trillionaire in the making. Money or not, and I disagree with some of his logic but altogether he will help make the world a better place. Respect and good luck 👊😊

[aldrinmilespartosa]

Remember the time when the whole world mock him, look at him now. A force be to recking with

[sandeepi]

Maybe richer than lot of countries in the world.

[smhninja]

All the sour broke people that didnt invest in tesla are crying in the comments right now 😂😂

[rickblair]

$272 million per day, yeah it might be a bubble.

[jexrekk]

11 million an hour? Most people dont even make that much in their entire lifetime (including me).

[GreenPartyHat]

Elon uses his money to change the world (and Mars). Hes one of the greats.

[Elizabeth-knjh]

Yay! Finally a rich person with good intentions 😊✨