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Elon Musk’s Net Worth Topped US$100-Billion, Forbes Real Time Billionaires List

Elon Musk

The net worth of South African-born entrepreneur, Elon Musk has topped US$100-billion, as recorded in the Forbes real-time billionaires list.

A high percentage of his wealth comes from the 21% stake in Tesla, according to Forbes. 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.

The company became the world’s most valued car maker through market capitalisation on 1 July when it overtook front runner Toyota and has over the last 10 years made many of its retail investors millionaires.

Musk is now a member of an elite club consisting of just four others with twelve-digit net worth. His $100-billion (or R1.66-trillion), however, is just about half the net worth of the world’s richest man and Amazon.com CEO Jeff Bezos, according to Forbes.

Musk co-founded and sold Internet payments company PayPal. He now leads some of the most futuristic companies in the world.

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