Elon Musk.

MAXIM - Elon Musk became the third person to have a fortune of $ 200 billion on Monday, thanks to the soaring Tesla share that made him the richest person in the world.

His feat follows Amazon founder and space rival Jeff Bezos, who first hit the $ 200 billion mark in August 2020, and luxury mogul Bernard Arnault, who did so for a short time on last month. Shares of Tesla, Elon Musk's electric vehicle company, continued a four-month rise, closing up 2.2% at $ 791.36, their highest level since February this year. Elon Musk got $ 3.8 billion richer on Monday and his fortune stood at $ 203.4 billion at market close. He overtakes Jeff Bezos, whose fortune fell by $ 1 billion on Monday to $ 197.7 billion, due to a 0.6% drop in Amazon shares.

Elon Musk is even richer today than he was at Tesla's heyday in January - when he briefly became the richest mogul in the world for the first time - because he received additional awards stock options that increased its stake in Tesla; he owns about 73.5 million Tesla options worth about $ 53 billion. Elon Musk owns more than a fifth of Tesla; Forbes deducts a portion of this interest to account for the shares he pledged as collateral for loans.

Elon Musk's fortune is heavily tied to his stake in Tesla, which ended Monday with a market cap of over $ 792 billion, and in SpaceX, which was valued at $ 74 billion after a round of table in February. After promising last year that he would get rid of almost all of his personal belongings, including six mansions, he now has only one house and considers his main residence to be a rental unit of 37 square meters.

Tesla shares soared more than 720% in 2020, helping to increase Elon Musk's net worth by more than $ 125 billion in one year. After swapping places with Jeff Bezos as the richest person in the world for several days in January, Tesla shares began to fall. In April, Elon Musk was also passed by Bernard Arnault. The unusually frequent changes at the top of the billionaire rankings continued last month, when Elon Musk again became the second richest person, behind Jeff Bezos.

The pair, who run competing rocket companies - SpaceX for Elon Musk, Blue Origin for Jeff Bezos - also traded jokes about their billionaire space race. Last month, tensions led to a lawsuit by Blue Origin against the federal government to challenge a NASA $ 2.9 billion contract awarded to SpaceX.

Elon Musk did not respond to a request for comment on his net worth and rank among the world's billionaires at the time of publication. (Forbes)

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