Elon Musk’s Wealth Is Heading for $100 Billion. But What Is He Really Worth?

Elon Musk’s Wealth Is Heading for $100 Billion. But What Is He Really Worth?
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According to Bloomberg’s Billionaires index, Elon Musk is currently the fourth-richest person in the world, rising up behind Facebook’s Mark Zuckerberg, Microsoft magnate Bill Gates and Amazon’s Jeff Bezos.

With recent figures from Bloomberg putting the car entrepreneur at a net worth of $90.3 billion, he is poised to overtake Zuckerberg, if Tesla stock continues to surge as it has over the past year.

Bloomberg estimates that, year-to-date, Musk’s net worth has rocketed by $62.8 billion. On Monday alone, Tesla stock surged by 11 percent, bumping Musk’s worth up by nearly $8 billion.

According to the Institute for Policy Studies, Elon Musk has profited from the pandemic in a more extreme way than his peers. The think tank approximates that his wealth tripled from $24.6 billion on March 18th to $73 billion on August 13, an increase of $48.5 billion or 197 percent.

Musk’s wealth comes from a variety of sources. He currently owns around 20 percent of Tesla’s stock. This stake is worth more than $50 billion, according to research firm Wealth-X.

He also has a stake in aerospace company Space-X and multibillion dollar real estate investments.

Source: Newsweek

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