When understanding Elon’s net worth, you have to keep in mind that there are two driving forces behind his fortune; Tesla and SpaceX. Roughly 80% of his net worth comes from his stake in Tesla and the remaining comes from SpaceX. He owns roughly 22% of Tesla’s outstanding shares and 54% of the privately-held SpaceX. Below is a chart of Tesla’s stock price over the last year. Note the dotted line at the far left side of the chart showing that on July 11, 2019 Tesla closed at $238.60. Now note today’s closing price of $1,544.65. That’s a 550% increase. Incredibly, the stock has increased 260% year to date alone, at a time when most companies have screeched to a halt due to Coronavirus. Just look at this chart: With Tesla stock soaring, so to has Elon’s wealth. His net worth increased $6 billion today alone thanks to that 10% gain you see above. At today’s all-time high closing price, Elon Musk’s net worth topped $70 billion for the first time. It technically ended a bit higher than that, at $70.5 billion. That’s a $43 billion increase since January 1, 2020. With today’s $6 billion jump, Elon slides into place as the seventh-richest person in the world, jumping over Warren Buffett, Larry Ellison and Sergey Brin.
The Richest People In The World
At today’s market close, here is a current list of the only people on earth richer than Elon: #2: Bill Gates – $116 billion (Diverse portfolio of investments that started with Microsoft) #3: Mark Zuckerberg – $93 billion (Current CEO “The Facebook Company”) #4: Bernard Arnault – $92.5 billion (LVMH – Louis Vuitton, Moet, Hennessy and other brands) #5: Steve Ballmer – $77 billion (Microsoft) #6: Larry Page – $73 billion (Former CEO of Google, now known as Alphabet Inc.) #7: Elon Musk – $70.5 billion (Tesla, SpaceX)
