Elon Musk’s internet worth rose above $100 billion on Wednesday, the identical day Amazon’s CEO Jeff Bezos cracked the $200 billion barrier.Musk’s private wealth has soared by $73 billion for the reason that starting of the yr.Tesla’s stock has shot up 400% in 2020.Go to Enterprise Insider’s homepage for extra tales.
Tesla CEO Elon Musk has joined the centibillionaires membership.Bloomberg reported Wednesday the Tesla billionaire’s internet worth had formally surpassed $100 billion, following a rallying of Tesla shares.Concurrently, Amazon founder and the world’s richest individual Jeff Bezos’ internet worth broke the $200 billion mark.Lots of the world’s richest individuals have seen their wealth balloon for the reason that starting of the yr, amid the coronavirus pandemic. Per Bloomberg, the richest 500 individuals have made a cumulative acquire of $809 billion. Musk’s wealth has elevated by greater than $73 billion since January, in line with Bloomberg’s billionaire index, and Bezos’ by $87 billion.
Musk’s wealth improve is essentially right down to Tesla’s stock hovering 400% this yr. As of June 2020, Musk owned 40.four million Tesla shares, which might account for $87 billion of his internet worth. At first of 2020, Musk owned roughly 38.7 million shares, worth $16.2 billion.In May, Musk additionally hit the primary in a sequence of govt milestones that may enable him to ultimately unlock a $55 billion bonus bundle. The primary milestone allowed him to unlock certainly one of 12 “tranches” of stock choices.There are presently solely two different individuals on this planet whose internet worth exceeds $100 billion other than Musk and Bezos: Invoice Gates, worth $124 billion, and Mark Zuckerberg, $115 billion.
