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Elon Musk Is Not The Second Richest Person In The World — Here’s Why

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Thanks to Tesla’s roaring stock, Elon Musk’s net worth has nearly quadrupled during the Covid-19 pandemic, racing from $24.6 billion in mid-March to a current $126.8 billion by Forbes’ estimate. But despite this meteoric rise, the 49-year-old is not the world’s second-richest person yet

Forbes currently has Musk in the No. 3 spot, behind Jeff Bezos, who reigns supreme at $182.6 billion, and French luxury goods tycoon Bernard Arnault, worth $140.6 billion. With the surge in the value of Tesla shares this week, Musk surpassed Bill Gates, who is now in fourth place, worth $119.4 billion

Musk owns 21% of Tesla but has pledged more than half his stake as collateral for personal loans; Forbes applies a 25% discount to his shareholding to account for the loans. Musk’s net worth estimate includes $25 billion worth of options that he was awarded since May as part of  a historic 12-tranche compensation plan. 

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Musk became eligible for the fourth tranche in late October after Tesla exceeded the cumulative EBITDA requirement, but Tesla has yet to confirm in public filings that it has certified the results. A representative for Musk did not reply to a request for comment from Forbes in time for publication. Until the receipt of the fourth tranche is confirmed, Forbes is only counting some 25 million options from the package towards Musk’s net worth.

Musk also owns an estimated 48% of SpaceX, the rocket company that recently made its first launch with astronauts on board. Investors valued SpaceX at $46 billion in August. After applying Forbes’ 10% private company discount, Musk’s SpaceX stake is worth just under $20 billion.

Tesla’s shares have risen 36% since Tuesday November 17 when S&P Global announced that the electric car company would be added to the S&P 500 index on December 21. The addition to the index means that more mutual funds tied to the S&P 500 will buy Tesla stock. 

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With a current market capitalization of $525 billion, Tesla is worth far more than Toyota ($198 billion) and GM ($66 billion) combined. In the first three quarters of 2020, Tesla delivered 318,000 cars, a small fraction of the number produced by the world’s larger automakers.

“I really couldn’t care less,” Musk emailed Forbes about his net worth in July. “These numbers rise and fall, but what really matters is making great products that people love.”

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NET WORTH

Rob Holding Net Worth

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Rob Holding net worth
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Full nameRobert Samuel Holding
Net worth1.8 Million Euro
Date of Birth20 September 1995
Place of BirthStalybridge, Manchester,
NationalityEnglish
OccupationProfessional footballer
Current teamArsenal

What is Rob Holding Net Worth?

Rob Holding Net Worth: Robert Samuel Holding is an English professional footballer who plays as a centre back for Premier League club Arsenal. Rob Holding net worth is 1.8 Million Euro.

Early life

Holding was born and raised in Stalybridge, Greater Manchester. He attended West Hill School in the town.

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Holding played for Stalybridge Celtic Juniors before joining the Bolton Wanderers youth system at the age of seven. He joined League Two club Bury on loan on 26 March 2015 for rest of the 2014–15 season.

Holding signed for Premier League club Arsenal on 22 July 2016 for a fee of around £2 million.  Following injuries to centre backs Per Mertesacker and Gabriel Paulista, he was called upon to make his Arsenal debut in the 2016–17 Premier League season opener on 14 August 2016 against Liverpool, which Arsenal lost 4–3 at home.

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In the final two months of the season, Holding became a regular member of Arsenal’s starting line-up, with the team winning all six of the matches he played in the Premier League.

 He played the full 90 minutes in Arsenal’s 2–1 victory over Chelsea on 27 May in the 2017 FA Cup Final at Wembley Stadium.

Holding played in the 2017 FA Community Shield on 6 August which Arsenal won 4–1 penalty shoot-out to Chelsea after a 1–1 extra-time draw.

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 He scored his first Arsenal goal on 28 September 2017 with a close-range shot in their 4–2 away win over BATE Borisov in the UEFA Europa League. He signed a new long-term contract with the club on 1 May 2018.

International career

Holding was called up to the England under-21 squad for the Toulon Tournament May 2016 as a replacement for Everton defender Brendan Galloway.

 He made his debut for Gareth Southgate’s team when starting against Guinea on 23 May. England won the tournament with Holding making two appearances, and was an unused substitute in the final on 29 May as England beat France 2–1.

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 He was selected for England’s squad for the 2017 UEFA European Under-21 Championship in Poland, but did not make an appearance with England eliminated in the semi-final. Holding made five appearances for the under-21s from 2016 to 2017.

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