As the share price of Tesla continues to rise, Elon Musk’s personal wealth soars along with it. YTD the share price of Tesla has risen over 350%.
Tesla CEO Elon Musk gained nearly $7.8 billion in net worth on Monday as Tesla’s stock price jumped 11% and closed at an all-time high. Musk’s net worth is now $84.8 billion, making him the world’s fourth-richest person, according to the Bloomberg Billionaires Index.
Year to date Musk net worth has grown by $57.2 billion. Thus, coming into the year Musk was worth about $27.6 billion.
Musk overtook Bernard Arnault, ($84.6 billion) the French billionaire and CEO of luxury brand LVMH, to secure the position on the list. He now sits behind Facebook CEO Mark Zuckerberg, who has a net worth of $99 billion. YTD Zuckerberg has added $20.6 billion to his net worth.
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Tesla shares have been on a tear this year, gaining roughly 350% and notching several all-time highs. The company has become the most valuable automaker in the world by market capitalization, fueled by solid vehicle sales amid the coronavirus pandemic, a streak of profitable earnings, and the potential that it could be included in the popular S&P 500 index, according to Business Insider.
On top of the list seats Amazon CEO Jeff Bezos, who is now worth $188 billion and is the richest person in the world. YTD Bezos has increased by $73 billion.
Bill Gates with a total net worth of $121 billion took the second position with $8.2 billion added to his net worth YTD.
It is notable that Top four richest people in the world according Bloomberg Index are from the United States of America and are all from the Technology Industry.
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