Elon Musk is the fifth richest man in the world with a net worth of $74 b

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Elon Musk is now the world’s fifth richest man after his net worth hit $74 billion Monday afternoon thanks to Tesla’s ongoing stock rally.

Shares in the company, founded by Musk, 49, hit $1,643.00 – a 300 per cent increase since January 2020 and up 60 per cent since the end of June. Tesla is now worth more than General Motors, Ford, BMW and Ferrari combined and has surpassed every rival to become the world’s highest-valued automaker.

Asked by Forbes about his wealth, outspoken Musk, who is also the CEO of SpaceX, said: ‘I really couldn’t care less. These numbers rise and fall, but what really matters is making great products that people love.’

The world’s richest man, Amazon founder Jeff Bezos’, also saw his net worth increase by $13 billion in one day on Monday. That is the largest one day jump in one person’s wealth in the history of the Bloomberg Billionaire List. He now has a fortune of $189.3 billion.

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