Elon Musk Is Now the World's 5th Richest Man with $74 Billion

Elon Musk Is Now the World's 5th Richest Man with $74 Billion

- Elon Musk has become the world's fifth-richest man after Tesla's shares hit $1 643.00

- Musk, who is the chief executive officer of the company is trailing Mark Zuckerberg of Facebook, who is the fourth richest man in the world

- On Monday afternoon Musk's net worth hit $74 billion

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The chief executive officer of Tesla, Elon Musk, has become the fifth richest man in the world after his net worth hit $74 billion on Monday afternoon.

Tesla's shares hit $1 643.00 - a 300% increase since January and up 60% since the end of June, Daily Mail reports.

Tesla is now worth more than General Motors, Ford, BMW and Ferrari combined and has surpassed every rival to become the world's highest-valued automaker.

In March, Musk was worth just under $25 billion and stood at 31 on Forbes' rich list. Since then his wealth has tripled.

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Elon Musk is now the world's fifth richest man with a net worth of $74 billion
Elon Musk. Photo credit: Getty Images
Source: Getty Images

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Musk is trailing Mark Zuckerberg of Facebook who is the fourth richest man in the world. Bill Gate of Microsoft is the third richest man, while Bernard Arnault is the second world's richest man. Jeff Bezos is the richest man in the world.

Earlier Briefly.co.za reported that The world’s richest man, Jeff Bezos, has added a whopping $13 billion to his fortune on Monday, 20 July, the largest wealth growth for an individual since Bloomberg Billionaires Index was created in 2012.

On the same day, Amazon’s shares jumped to 7.9%, the most it has been since December 2018, Bloomberg reports.

It should be noted that Bezos, the founder of Amazon, has had his fortune greatly increase from $74 billion in 2020 to $189.3 billion, despite the US economy being hit hard due to the coronavirus pandemic.

His ex-wife, Mackenzie Bezos, also gained a very good sum of $4.6 billion on Monday, July 20, and is now considered the 13tth-richest person in the world.

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Source: Briefly.co.za

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