Elon Musk is now the fifth richest person in the world

23-07-2020, 14:26

Economy, World

Elon Musk is now the fifth richest person in the world

23 July 2020, 14:26 - NovostiNK

Elon Musk's meteoric rise up the Forbes Billionaire List has continued this month, as he’s ascended past luminaries such as Warren Buffett and Steve Ballmer. As of Monday afternoon, Musk's net worth surpassed $74 billion, meaning he is now the fifth-richest person on the planet, The Forbes reported.

The source reminded that Musk first debuted on Forbes’ 400 Wealthiest Americans List in 2012 in 190th place with a net worth of $2.4 billion. On January 1 this year, he was the 37th richest person on earth.

However, Tesla's sudden and spectacular rise has propelled him near the very top of the world's wealthiest humans. Tesla's surge has confounded some investors, considering it’s far smaller than its competitors and only recently began to log quarterly profits. Tesla produced 103,000 vehicles in the first quarter.

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