Elon Musk’s fortune continues to rise, now the fourth richest person in the world

Musk looks on at SpaceX Falcon 9 post-launch news conference in Cape Canaveral
Image via Mike Blake /Reuters

As Tesla shares closed at an all-time high yesterday above $1,800, CEO Elon Musk became the fourth richest person in the world.

According to Bloomberg’s Billionaire Index, Musk now has an estimated worth of $84.8 billion. That puts him just $15 billion behind Facebook founder Mark Zuckerberg in third place.

bloomberg billionaires

With his fortune increasing by more than $57 billion since the beginning of the year, Musk hasn’t always been near the top of the list. The rise is thanks in part to his incentive package from Tesla, which has seen him achieve two theoretical paydays now worth more than $4 billion.

His next possible payday could come soon and would be earned when Tesla has a 6-month average market cap of $200 billion. In addition, Tesla must either post revenue of $35 billion or $3 billion in adjusted earnings before interest, taxes, depreciation and amortization, over four consecutive quarters.

Despite the massive wealth, Musk has stated previously he has no plans to hoard his money. Instead he will use his fortune to help make humans a multi-planetary species and eventually colonize Mars.

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Founder and Editor-in-chief of Drive Tesla Canada | Darryn@DriveTeslaCanada.ca Have a Tesla tip? Email tips@driveteslacanada.ca, or DM us on Twitter @DriveTeslaca