Elon Musk Moves to 4th Richest Person in the World Following Massive Tesla Stock Rally

After a pretty amazing run for Tesla stock after the announcement of a five-for-one stock split, Elon Musk has managed to take a step up the list of the world’s richest. Since the announcement of the split on August 11, the stock has spiked nearly 40%. As of the close of the market on August 18, Tesla stock would sit at $1887.09 after hovering around the $1900 mark for the majority of the day.

With that, Musk has managed to make his way past Bernard Arnault on the list of the richest individuals in the world. Some might better know Arnault as the CEO of Louis Vuitton among other ventures.

Now, we find just three familiar names ahead of Musk. With a current net worth sitting at an estimated $84.8 billion, the next highest on the list is Mark Zuckerberg with an estimated $99 billion net worth. Above him, Bill Gates resides with $121 billion in net worth. First on the list, of course, we find Amazon founder, Jeff Bezos, who has managed a $188 billion net worth.

All of the top earners on the list are still moving in an upward trend as most of these stocks have experienced growth with the stock market performing well recently.

Tesla stock has been doing phenomenally well. As the most valuable automotive manufacturer in the world, The Street says Tesla stock has gained 340% growth year-to-date. That means that your money would have more than tripled if you invested in Tesla stock earlier this year.

While we’re playing that game, let’s talk about what the earlier investors in the company are experiencing.

Those who bought Tesla stock in 2010 or 2011 could have gotten it well below the $30 mark. Even with an extravagant $30 per share spend at the time, every $1000 investment would be worth $62,000 if sold on the market today. In other words, those with the foresight to invest the cost of any of Tesla’s vehicles into their stock back then would easily be a millionaire and then some.

Even for those who invested as recently as a year ago when the stock was hovering around the $225 mark would experience more than 800% growth. That’s not too bad for taking a chance on one of the world’s most forward-thinking minds.