Elon Musk: the 90 Billion Dollar Man
With the Tesla shares having gained 339% since January, eccentric billionaire Elon Musk takes the fourth place in the ranking of the 500 wealthiest people on earth. His fortune was estimated at $90,3 billion on Wednesday.
The South-African-born American outranks now Frenchman Bernard Arnault (Louis Vuitton), but he sits behind Mark Zuckerberg (Facebook), Bill Gates (Microsoft), and the undisputed number one, Jeff Bezos (Amazon), in the Bloomberg Billionaires Index.
7,8 billion in one day
Tesla shares have been soaring since January. On Monday alone, the stock gained 11%, which added 7,8 billion dollars theoretically to CEO Elon Musk’s bank account.
This share price increase is nursed by the anticipation of Tesla’s introduction to the S&P 500 index. The latter is a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the US.
The electric carmaker also recently announced that it will split its shares by five to make them more affordable.
‘I don’t care’
With 90,3 billion dollars, Musk outranks Frenchman Bernard Arnault ($83,7 billion). He’s close on Mark Zuckerberg’s heels ($99,4 billion), but he is still a size smaller than Bill Gates ($121 billion), and only half Jeff Bezos’ size ($195 billion).
“I don’t care, really,” says Musk himself. “These numbers go up and down, but what really matters is to create excellent products that people love.”
Genius or uncontrollable boy?
“Is Musk a genius or an uncontrollable boy?” Dominique Liesse asks in newspaper L’Echo. He has some of both, he guesses. “But, he surely is a visionary.”
With PayPal, he forced banks to reevaluate their position. The same goes for Tesla, which was a wake-up all for the traditional car industry.
With his Boring Company and hyperloop, he wants to revolutionize the public transport sector, and with his aerospace company SpaceX, he revived the American space industry.
However, Musk still has a lot on his plate where he can put his money in. By 2021, he dreams to put up 1 600 satellites to ensure a global communication network, and his SpaceX venture should lead straight to colonizing Mars in the future.