Elon Musk joins $100 billion+ family, become 4th richest man

The CEO of Tesla, Elon Musk comes up to the 4th position in the Bloomberg Billionaires index. That means he is now the 4th richest person in the world, after Jeff Bezos, Bill Gates, and Mark Zuckerberg. Besides that, Musk’s net worth crosses the $100 billion mark. His current net worth is $101 billion.

The recent $5.46 billion addition in his wealth gives the push ultimately. As per the report, Musk gains a total of $73.6 billion to date this year.

Maximum of the richest persons face the growth of their wealth from the beginning of this year, aimed at the global coronavirus pandemic. Bloomberg’s report is saying the 500 richest persons in the world gain a total of $809 billion. In this amount, Jeff Bezos owns $87.1 billion, whereas Elon Musk owns $73.6 billion. These two are one of the highest gains on the list this year.

Bloomberg Billionaires index _27-08-2020_TechnoSports.co.in
by – Bloomberg

The reason behind Elon Musk’s wealth growth is the 400% valuation increase in Tesla’s stock this year. Musk owned 40.4 million Tesla shares of worth $87 billion, as of June 2020. At the beginning of this year, Musk had nearly 38.7 million shares, which cost around $16.2 billion.

The Amazon CEO, Jeff Bezos is the only person having net worth more than $200 billion. The exact figure is $202 billion, just double than Musk. Bill Gates owns $124 billion and the Facebook founder owns $115 billion.

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