Chief Executive Officer (CEO) of Tesla, Elon Musk’s net worth of $115 billion has surpassed Facebook CEO Mark Zuckerberg on the list of the world’s richest people.
Financial website, Bloomberg,which made this known said Musk’s increase in wealth was propelled by Tesla’s (TSLA) massive 12% stock gain on Monday August 31 after Tesla’s 5-1 stock split.
By this stock gain, the Tesla founder becomes the third-richest person in the world, behind Bill Gates and Jeff Bezos according to the Bloomberg Billionaires Index.
Musk is also the founder of several other companies, including SpaceX, The Boring Company, Hyperloop and OpenAI.
Musk’s net worth bloomed by nearly $90 billion this year. In January 2020, his net worth was about $32 billion, with half of that wealth composed of Tesla shares
Tesla’s stock soared about 500%, in 2020 alone, and the company is now worth about $475 billion.
Musk’s pay package, approved by Tesla shareholders in 2018, doesn’t pay him any salary or cash bonuses. Instead, the CEO gets paid in millions of stock options, worth billions of dollars.
The world’s top five billionaires (in descending order) right now are: Jeff Bezos, Bill Gates, Elon Musk, Mark Zuckerberg and Bernard Arnault.