At half of Jeff Bezos's net worth, Elon Musk enters elite $100 bn club

Topics Elon Musk | Tesla | Amazon

Silicon Valley entrepreneur Elon Musk's net worth topped $100 billion on Friday, according to the Forbes real-time billionaires list, as the shares of electric-car maker Tesla Inc see a more than five-fold surge in value this year.   A large chunk of his wealth comes from the 21% stake in Tesla, according to Forbes. Tesla shares, which went public at $17 a piece 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 valuable carmaker by market capitalization.

This article is no longer available in our repository.

There could be multiple reasons for this.