Elon Musk's net worth is now $115 billion, pushing him past Facebook CEO Mark Zuckerberg on the list of the world's richest people, according to Bloomberg.
Musk's increase in wealth was propelled by Tesla's wild 12% stock gain that happened Monday after Tesla's 5-1 stock split. This makes the Tesla founder and CEO the third-richest person in the world, according to the Bloomberg Billionaires Index. He is now only poorer than Bill Gates and Jeff Bezos.The world's top five billionaires are: Jeff Bezos, Bill Gates, Elon Musk, Mark Zuckerberg and Bernard Arnault, the CEO of LVMH in France.
Instead, the CEO gets paid in millions of stock options, worth billions of dollars. He has received two multi-billion-dollar payouts as the company hit certain profit and stock price thresholds, and he is due to receive another soon.Musk owns more than 18% of the company's shares, more than three times the next-largest stockholder. So as Tesla's stock boomed, Musk's net worth exploded by nearly $90 billion this year, catapulting him through the middle of the pack to the top three.
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