The 49-year-old serial entrepreneur said he’s indifferent to his standing on the Forbes list of billionaires. “I really couldn’t care less,” Musk emailed Forbes about his net worth in July. “These numbers rise and fall, but what really matters is making great products that people love.
Tesla stock soared Monday after a stock split, lifting Elon Musk’s net worth to $102. 9 billion at the market close. Shares jumped 12. 6%, boosting Musk’s net worth by $10. 4 billion since late Friday.
Musk owns 21% of the $464 billion (market cap) company but has pledged more than half his stake as collateral for personal loans; Forbes applies a discount to his pledged shares to account for the loans.