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ELON MUSK’S NET WORTH TOPS $100 BILLION-FORBES

6 months ago | World Business News | 0 comments

By Xai Reyes

Silicon Valley entrepreneur Elon Musk’s net worth topped $100 billion on Friday, according to the Forbes real-time billionaires list, as the shares of electric-car maker Tesla Inc see a more than fivefold surge in value this year.

According to Forbes, Musk is now part of an elite club of just four others with twelve-digit net worth.

However, his nearly $100 billion is just about half the net worth of the world’s richest man and Amazon.com Inc CEO Jeff Bezos.

The company became the world’s most valuable carmaker by market capitalization on July 1 when it overtook front runner Toyota Motor Corp and has over the last ten years made many of its retail investors millionaires.

Tesla shares, which went public at $17 apiece in 2010, rose as much as 3.5% in morning trade to a record high of $2,318.49.

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