After an explosion of Tesla on the stock market, Elon Musk, the whimsical boss of the automaker, rose to 4th place in the ranking of the world’s greatest fortunes. Another sign of the excellent health of the technology sector.
Elon Musk can have a smile on his face. After the excellent quarterly results of Tesla and the success of the Model 3, the emblematic CEO has just won the title of “4th biggest fortune in the world” from Frenchman Bernard Arnault.
Tesla’s stock has indeed jumped 11% on the stock market on Monday August 17, which allowed Elon Musk’s fortune to reach $ 90.3 billion (as of August 19). Remember that the founder of Tesla owns nearly 20% of the company’s capital. According to the Bloomberg, the entrepreneur is only $9 billion behind Mark Zuckerberg, who is third on the podium behind Bill Gates and Jeff Bezos (whose fortunes amount to 121 and 195 billion dollars respectively).
Truth be told, while Elon Musk has had one of the most spectacular rises in the rankings (with a gain of $ 62 billion since the start of 2020), the entire tech sector is showing insolent health in this year 2020. The first four places in the ranking are held by the big names of the web, and out of the ten biggest fortunes in the world, seven come from the technological sector. It is no surprise that we find Sergey Brin and Larry Page of Google in 10th and 9th place in the ranking (71.9 and 74.2 billion dollars respectively) just behind Steve Ballmer, former CEO of Microsoft (whose net worth is valued at $ 76.1 billion).
These seven personalities alone hold 727 billion dollars. In all, over 70 billionaires of the 500 Bloomberg surveyed owe their fortunes to the tech world. Note that, While the United States is omnipresent in the top of the ranking, Jack Ma (CEO of the Chinese site Alibaba) and Pony Ma (CEO of Tencent) still hold the 20th and 21st place in the ranking with 51.6 billion in net worth each.
Hugues Louissaint is an entrepreneur and writer, living in the US for over a decade. He has launched successful products such the Marabou Coffee brand, which has been highly successful in Florida. He has also been a writer for more than 5 years focusing on science, technology, and health. He writes part-time for the Scientific Origin and provides valuable input on a wide range of subjects.