Elon Musk just became the Fourth Wealthiest Person in the World


Elon Musk, the founder and CEO of Tesla Motors and SpaceX, is reportedly worth $85.8 billion, thus making him the fourth wealthiest individual according to the Forbes list of the world’s billionaires. In the early days of summer in 2020, Musk was listed as the fifth on the Forbes list, but he is now just below Amazon CEO Jeff Bezos, who in turn is catching up to the respective net worth of Bill Gates and Mark Zuckerberg.

The factor that put Musk ahead on the list is directly related to Wall Street. In the midst of the coronavirus pandemic of 2020, Wall Street investors are trading like there is no tomorrow, and they seem to really like Tesla stock. In just two trading sessions in the middle of August, investors bought and sold more than $13 billion worth of Tesla shares; this resulted in Musk moving ahead of Bernard Arnault, who has been chairman of the Louis Vitton board since the 1990s.

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