Silicon Valley entrepreneur Elon Musk’s net worth topped $115 billion, according to the Forbes real-time billionaires list, as the shares of electric-car maker Tesla see a more than five-fold surge in value this year.
MUSK LEADS MOST FUTURISTICCOMPANIES IN THE WORLD
A large chunk of his wealth comes from the 21% stake in Tesla, according to Forbes. Tesla shares, which went public at $17 a piece in 2010, rose as much as 3.5% in morning trade to a record high of $2,318.49.
Musk, who co-founded and sold Internet payments company PayPal Holdings now leads some of the most futuristic companies in the world.
Besides Tesla, he heads rocket company SpaceX and Neuralink, a startup that is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers.
He set up the Boring Company to make affordable tunnels below busy city streets to for an all-electric public transportation system to avoid the nasty traffic jams in U.S. cities