Elon Musk is now the fourth richest person in the world

It's good to be Elon Musk, at least from a financial perspective.

The CEO of Tesla and SpaceX has become the world's fourth-richest person according to Bloomberg Billionaires Index. Only Facebook's Mark Zuckerberg, Microsoft's Bill Gates, and Amazon's Jeff Bezos are wealthier than him; Musk overtook LVMH's Bernard Arnault, who will now have to suffer the fate of only being the world's fifth-richest person.

Musk's fortune increased sharply after the latest rally in Tesla stock, which closed on $1,650 Monday, close to a record high for the company. The Tesla stock pump on Monday alone boosted Musk's fortune by $7.8 billion; overall, Musk's fortune increased by $57.2 billion in 2020, according to Bloomberg's calculations. Read more...

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