CEO of SpaceX and Tesla, Elon Musk, has made the headlines yet again with another surge in his net worth, with over $74 billion, according to Forbes Billionaire List, making him the fifth richest man in the world surpassing billionaires like Warren Buffett.
Over the last few months, Musk’s net worth has made several huge jumps from $25 billion in March to over $74 billion as of today.
This latest increase in Musk’s net worth is a result of a 9.5% spike in his electric automaker Tesla’s shares in Monday, enabling the company to finish the day with $1,643.00 a share.
According to Forbes, 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.”
In response to a recent email by Forbes about his rapidly increasing net worth, Musk said:
“I really couldn’t care less. These numbers rise and fall, but what really matters is making great products that people love.”