Tech entrepreneur and CEO of space travel company SpaceX Elon Musk is now the fourth richest person in the world. A Bloomberg report has revealed that the Tesla CEO is now the forth richest person as his wealth has grown by $57 million in 2020.
As per the Bloomberg report, Tesla’s shares saw an increase of 11% in a day which increased Elon’s net worth by $7.8 billion. He owns 34 million shares of the stock, which is equal to 18% stake of the company, valued at $68 billion.
Tesla is also about to execute a five for one stock split but this won’t change the value of Musk’s holdings although it will change the total number of shares.
The Tesla Ceo takes no regular salary but has a pay package that could eventually give him 20.3 million stock options, paid in 12 equal tranches. Now the company must maintain a $200 billion average market value.
Musk’s wealth was estimated at $30 million at the start of the year, but he had a great $57 billion jump in his wealth. His total net worth now stands at whooping sum of $90 billion.
