According to the Bloomberg Billionaires Index, the share price of Tesla’s skyrocketing have made Elon Musk now the second richest person on earth with a net worth of nearly $128 billion.
A report by Camila of NPR states that Bloomberg reported that the Tesla CEO has added more than $100 billion to his net worth in 2020, propelling him from the 35th spot on the index up to No. 2.
The wealth of Musk has been tied up with Tesla. He doesn’t draw out any salary plan for himself but has been compensated by the company’s performance in the market. Tesla stock has repeatedly defied skeptics and pushed to stratospheric heights. This decision has indeed paid him off so far to become the 2nd richest person.
In Musk’s executive compensation package, he has only received 4 bonuses out of 12 as negotiated. After some production challenges, Tesla has massively scaled up its output of electric cars, which have proved popular — the Model 3 is the best selling luxury car in America. And Wall Street is feeling optimistic about the future of electric vehicles and clean energy as companies and governments around the world propose increasingly meaningful actions to tackle climate change.
Elon Musk, who recently twittered that he has had a mild case of COVID after several confirmed tests.