Elon Musk Is Now Worth $100 Billion, Half Of Amazon¡¯s Jeff Bezos At $200 Billion
As per a Bloomberg report, Tesla CEO¡¯s net worth has surpassed $100 billion, after the skyrocketing of Tesla shares.
While COVID-19 pandemic has been the worst for the common folk -- with layoffs or massive cuts in their salaries, it has been very favourable to the richest people in the world.
We¡¯ve been seeing how Bezos has skyrocketed his valuation to $200 billion, becoming the only living man to do so. Even Musk has scaled up to be a part of the top 5 richest people in the world.
Reuters
However, it looks like there¡¯s no stopping to this streak as now he has entered the territory of the centi-billionaires club. As per a Bloomberg report, Tesla CEO¡¯s net worth has surpassed $100 billion, after the skyrocketing of Tesla shares.
Bezos and Musk are joined by Bill Gates, (at the second spot) worth $124 billion, and Mark Zuckerberg (at the third spot) worth $115 billion.
Just last week, Musk became a part of the top 5 richest people, after he added around $8 billion to his wealth, bringing his valuation to $84.8 billion. This was just last week!
The main cause for this occurrence is the increase in Tesla¡¯s stock prices that have skyrocketed 400 percent this year. As of June, Musk owned 40.4 million Tesla shares that are valued at an approximate $87 billion of his net worth. Just to put things in perspective of the leap Musk has taken this year, during January 2020, he owned 38.7 million shares that were worth just $16.2 billion.
ALSO READ: Jeff Bezos Becomes The 1st Person In The World To Have A Net Worth Of $200 Billion
Reuters
Musk¡¯s Tesla and SpaceX are on a successful trajectory this year. Previous reports have hinted that with Tesla¡¯s share prices soaring high the company is on the verge of being included in the S&P 500 soon.
SpaceX, another company being led by Musk has been on a successful trajectory this year with the successful launch and landing of Crew Dragon spacecraft as well as successful testing of its Starship that will take humanity to Mars. The company is also close to finalising a $2 billion funding deal that would spike its equity value to $46 billion.
