Space and electric-car pioneer, Elon Musk’s fortune is growing at a record pace. According to the asset calculations by Bloomberg Billionaire Index, Elon Musk is now the fourth richest person in the world after a price gain.
Elon Musk’s financial rise continues through the year 2020. With the price increase of 11 percent, which the shares of his Tesla showed on Monday, the entrepreneur Elon Musk, who did not mince his words, became the fourth richest person in the world. The record valuation of the electric car company drove Musk’s net worth growing by $ 7.8 billion.
The Tesla co-founder surpassed the French luxury goods tycoon Bernard Arnault. The French entrepreneur who slipped to fifth place is the richest non-American in the Bloomberg Billionaires Index. Musk is now richer by a small amount of 200 million dollars with 84.8 billion dollars, as shown in the current Bloomberg Billionaires Index. With his fortune of $84.8 billion, Musk still falls short by $ 15 billion to Mark Zuckerberg, number three in the ranking of the 500 richest people in the world.
A whopping eleven percent increase in Tesla shares made Elon Musk $ 7.8 billion richer in one fell swoop, making it the fourth wealthiest person in the world.
The top three is currently out of reach for Musk
To get into the top three, Musk still has to make significant gains. Three digital pioneers secured the first three places. Facebook founder Mark Zuckerberg took third place with his fortune estimated at $ 99.08 billion.
Microsoft founder and philanthropist Bill Gates is even a good 34 billion dollars ahead of fourth-placed Elon Musk with 121 billion US dollars.
Even more significant is the difference between Elon Musk and the richest man in the world, Jeff Bezos. According to the Billionaires Index, Amazon founder Jeff Bezos has assets of around $ 188 billion which is over 103 billion US dollars more than Elon Musk.
Space Exploration Technologies Corp. or Musk’s SpaceX should continue to grow its fortune. The company is on the verge of closing a new $ 2 billion financing that would raise the valuation to $ 46 billion, as Bloomberg reported last week.
This year, Musk’s net worth grew $ 57.2 billion, making it the second-largest increase on the Billionaires Index. Only Amazon founder Jeff Bezos made a bigger leap. The richest man in the world grew his fortune by $73 billion to $188 billion in 2020. And here we are asking for a raise.