Elon Musk is on the verge of becoming the world's fifth centibillionaire. Shares of his electric carmaker Tesla jumped 3.75% on Thursday, boosting Musk’s net worth by $3.2 billion, to $98.8 billion—just $1.2 billion away from making Musk the fifth centibillionaire in the world. 31 on Forbes’ World’s Billionaires list with a net worth of $24.6 billion. Tesla stock will split on a 5-for-1 basis on Friday after the market close and start trading on a split-adjusted basis on Monday. “Despite the haters who continue to scratch their heads, the stock moves higher.”Musk has received two enormous stock option grants this year, worth $6.4 billion, as part of his compensation package.

Source: Forbes August 27, 2020 20:27 UTC