Tesla CEO, Elon Musk’s has surpassed Facebook CEO, Mark Zuckerberg on the list of the world’s richest people, according to Financial website, Bloomberg.
Elon Musk’s net worth currently stands at $115 billion.
According to Bloomberg, 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.
The stock gain makes the Tesla founder and CEO the third-richest person in the world, behind Bill Gates and Jeff Bezos according to the Bloomberg Billionaires Index.
Apart from Tesla, Musk is also the founder of several other companies including SpaceX, The Boring Company, Hyperloop and OpenAI.
Musk’s net worth exploded by nearly $90 billion this year. In January 2020, Musk’s net worth was about $32 billion, with half of that wealth composed of Tesla shares
In 2020 alone, Tesla’s stock soared about 500%, and the company is now worth about $475 billion.