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Elon Musk's wealth surges past the $100 billion mark after Tesla shares rally

Tesla founder-CEO Elon Musk, the world's fourth-richest person, does not take home a salary and his compensation mostly relies on stock options.

August 27, 2020 / 01:24 PM IST

Tesla Chief Executive Officer (CEO) Elon Musk's net worth crossed $100 billion on August 26, making him one of the world's four centibillionaires.

Musk's wealth rose to $101 billion after a rally in Tesla's share price, according to the Bloomberg Billionaires Index.

Musk's net worth has swelled by $73.6 billion in 2020, still lower than Amazon founder Jeff Bezos', whose wealth rose by $87.1 billion, the report said.

Also read: Jeff Bezos becomes the world's first person to hit a net worth of $200 billion