Elon Musk and his Wealth

Musk made $175.8 million when PayPal was sold to eBay in 2002.

He was first listed on the Forbes Billionaires List in 2012, with a net worth of $2 billion.

At the start of 2020, Musk had a net worth of $27 billion.

By the year's end his net worth had increased by $150 billion, mostly driven by his ownership of around 20% of Tesla stock.

During this period, Musk's net worth was often volatile.

For example, it dropped $16.3 billion in September, the largest single-day plunge in Bloomberg Billionaires Index's history.

In November of that year, Musk passed Facebook co-founder Mark Zuckerberg to become the third-richest person in the world;

a week later he passed Microsoft co-founder Bill Gates to become the second-richest.