Business mogul and innovator Elon Musk ascended up the Forbe’s Billionaire list this month preceding others with the likes of Warren Buffet and Steve Ballmer. As of writing, Musk has amassed a total net worth amounting to $74 billion.
The 49-year-old tech mogul founded big Silicon-tech companies such as Tesla, SpaceX, and The Boring Company. These companies have seen an enormous increase in stock prices in the past month which led to an increase in Musk’s net worth.
Tesla, Musk’s electric autonomous vehicle (EAV) company, is now the world’s most valuable car company, with a market value of $304.5 billion. This is more than the combined net worths of companies such as Ford, Ferrari, General Motors, and BMW.
He owns a 21% stake of the company but pledged more than half of his stake as collateral for loans.
Musk made his debut on the list in 2012 as the 190th richest person on the planet with a net worth of $2.4 billion. Ever since his net worth has grown to meteoric levels. It is worth noting that ever since 2010, he had not sold any shares of the company.