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the You’re here (TSLA) The CEO’s net worth soared on Monday as shares of his electric carmaker hit a record high, taking his net worth to $ 127.9 billion, according to the Bloomberg Billionaires Index, which tracks the 500 most people. rich in the world.
For a few hours that put him slightly above Bill Gates, the co-founder of Microsoft (MSFT) and the second richest person in the world, estimated at $ 127.7 billion. The latest Bloomberg Index reading puts men tied at $ 128 billion each.
Musk’s fortune is directly tied to that of Tesla. His biggest asset is the company’s stock, which he last held around 20%, according to Bloomberg.
This year has been a very good one for the entrepreneur. So far in 2020, Tesla’s stock has climbed nearly 524%, helping Musk add more than $ 100 billion to his wealth. That’s more than anyone on Bloomberg’s Global Rich List, the outlet reported.
Gates would likely be an even bigger billionaire if it weren’t for his philanthropy. Years ago, he and his wife, Melinda Gates, pledged to donate most of their wealth to charity. Amazon (AMZN) CEO Jeff Bezos is currently the richest person in the world, with an estimated net worth of $ 182 billion.
Outside of Tesla, Musk oversees SpaceX, the space exploration company that recently launched a landmark mission with NASA. He is also a father of six and president of the Musk Foundation, an organization that supports research into renewable energy, pediatrics, and humans in space.
Some believe that there is still room to manage the actions of his company. Last week, Tesla was accepted into the S&P 500, reaching a new milestone. It will join the index next month.
And Tesla stock jumped 6.6% on Monday alone, closing at an all-time high of $ 521.9 per share.
Musk himself looked as surprised as anyone. When a Twitter user reported the stock movement on Monday, he replied with just one word: “Wow”.
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