Elon Musk Is Now the World's Seventh-Richest Person

Over the weekend, Tesla shares surged up 11%. As expected, they overcame the next significant milestone of $1,500.

NASDAQ on Tesla as of July 2020

Tesla Is Now World’s Most Valuable Carmaker

Tesla’s capitalization reached $190 billion, making it the most expensive car company in the world. In comparison, Toyota’s second-place capitalization is $182 billion, and Volkswagen’s is $82 billion.

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At the same time, the fortune of Elon Musk, the founder and chief executive officer of Tesla, increased by $6.1 billion to $70.5 billion, and he rose to the seventh place in the ranking of billionaires, according to the Bloomberg Billionaires Index.

49-year-old American IT entrepreneur is now ahead of Warren Buffett, chairman and CEO of Berkshire Hathaway, Oracle co-founder Larry Ellison, and Google co-founder Sergey Brin.

Buffett's fortune dropped earlier this week when he donated $2.9 billion to charity.

The Bloomberg Billionaires Index data as of July 2020

Elon Musk owns about a fifth of all Tesla shares, which comprises the bulk of his $70.5 billion fortune.

Over the year, Tesla has risen almost seven times and is now valued at $286.33 billion, making it the most expensive public company in the automotive market.

Handy Tips: How to Think Like Elon Musk

Today, we will tell you why you do not always need to rely on ready-made answers, but rather look for them yourself, just like Elon Musk does.

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