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Elon Musk Becomes World’s 5th Wealthiest Person

The South African born entrepreneur and tech guru Elon Musk emerged the 5th wealthiest person in the world on Monday, 20th July, 2020. His net worth is now pegged at $74 billion.
Just in mid march, the techpreneur was ranked 31st richest person with net worth of $25 billion and from then till now, his net worth has tripled to the current rate it is now

The visionary Elon musk has just 21 percent ownership of Tesla and he has used it has collateral for loans to fund his project .Tesla currently is boastful of being the most valuable car company in the world, with various innovative inventions in the automobile and technology industry.
Elon musk wealth could be flying higher with his recent option of selling and buying of $2.1 billion worth of Tesla shares. The business mogul had a deal back in 2018 that gives him right to buy about $1.6 million shares of tesla’s stock once it pegged an average market of $150 billion over a period of six months.

The Tesla shares has quadrupled since the start of 2020 from $430 to $1,150, even Elon Musk himself confirmed that his shares are flying too high. Still in his quest to achieve greatness, Elon Musk said that his wealth would be used send people to Mars with space X and he still has plans of producing a fully autonomous self driving vehicles by the end of 2020.
Taking you back to when Elon musk first feature in the Forbes 400 wealthiest list at 190th places in 2012, moving upward and displacing people above till he finally got o this position and from all the foreseen circumstances he might rise further than where he is at the moment.

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