South African-born billionaire, Elon Musk remains the only person with a net worth greater than $300 billion due to the appreciation of his Tesla stock. As at 2021, his year-to-date gains of $141 billion is greater than Bill Gates’ ($135 billion) net worth.
The current value of Musk’s net worth is $311 billion. This is equivalent to 174 million troy ounces of gold or 4.4 billion barrels of crude oil.
Tesla shares started the week all fired up after CEO, Musk sent a memo to employees encouraging them to minimize costs rather than rushing orders out last minute to meet the company’s quarter-end sales targets. Musk wrote in a memo distributed Friday that he does not want the company to spend a lot on “expedited fees, overtime, and temporary contractors just so cars can arrive by the end of Q4.”
Source : CNN TV news