Elon Musk Just Became The Fourth-Richest Person In The World After Gaining $7.8 Billion

Elon Musk, the chief executive officer of both Tesla and SpaceX is now the fourth-richest person in the world, as indicated in the Bloomberg Billionaires Index. As of now, Jeff Bezos, Mark Zuckerberg, and Bill Gates are the only people richer than Musk.

With the rise of Musk, Bernard Arnault from LVMH has fallen to the fifth place on the list of the richest people in the world. The rise is attributed to the latest rally in Tesla stock closing at $1650 this Monday, which is nearly a record-breaking number for the firm.

Just the stock surge on Monday already increased Musk’s fortune by $7.8 billion. According to Bloomberg, as of now, his fortune has gone up by $57.2 billion in 2020.

Moreover, his wealth will likely experience more increases in the near future. Tesla stock is currently $1895 while Bloomberg reported that SpaceX is close to obtaining a $2 billion funding amount, which will raise the firm’s valuation to $46 billion from $36 billion in February. Elon Musk apparently holds a large share of stocks in both SpaceX and Tesla.

In general, even though the world is going through a major pandemic since late last year, major tech founders and CEOs have been doing very well, with Jeff Bezos, Bill Gates, and Mark Zuckerberg witnessing their fortunes increasing. For the first time ever, Zuckerberg’s wealth crossed the $100 billion mark. Meanwhile, the fortunes of Amazon’s founder is close to reaching the $200 billion mark and Bill Gates has reached $114 billion, according to Forbes.

Apart from that, with the dramatic increase in Apple’s stock price recently, Tim Cook’s wealth seems to have become a billionaire too.

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