Elon Musk is now the fifth richest person in the world
16:55, Tuesday, 21 July, 2020
Elon Musk's meteoric rise up the Forbes Billionaire List has continued this month, as he’s ascended past luminaries such as Warren Buffett and Steve Ballmer. As of Monday afternoon, Musk's net worth surpassed $74 billion, meaning he is now the fifth-richest person on the planet. Musk, 49, is the CEO of SpaceX and Tesla, the electric vehicle company whose stock price has soared since March. Tesla shares gained another 9.5% in Monday's trading to $1,643.00, giving it a 60% rise in just three weeks since June 29, and a nearly 300% increase in 2020 alone. Tesla is now not only the world's most valuable car company, with a market cap of $304.5 billion, it’s worth more than Ford, Ferrari, General Motors and BMW combined.