As of now, The net worth of Elon Musk is $187 billion. Since then, Musk continued to persevere and finally beat Bill Gates in November 2020 as the second richest person in the world. Musk, now … Sep 1, 2020 STR via Getty. To begin with, in mid-August Tesla stocks hit an all-time high of $1,900. At the level, the business’s overall market cap was $350 billion. Buffett's net worth is $69.2 billion. Elon Musk just became the richest person in the world, with a net worth of more than $185 billion. ... Musk started 2020 worth about $27 billion, and was barely in the top 50 richest people. ... —Elon Musk (@elonmusk) May 1, 2020 . The next variable was an increased evaluation of SpaceX that was formally confirmed on August 18, 2020. That 31% jump is the biggest yearly gain in the history of the Bloomberg Billionaires Index. The soaring value of Tesla stock has sent Musk's net worth skyrocketing, according to the Bloomberg Billionaires Index. CNBC compared Elon Musk’s billionaire net worth to fellow billionaire Warren Buffet who was the seventh richest person until July 2020. After Tesla's stock (TSLA) jumped 11%, Elon Musk's net worth hit $70.5 billion and he passed Warren Buffett on the list of the world's richest people. Elon Musk's net worth skyrocketed past the $74 billion mark, making him the fifth-richest person in the world on Monday, according to Forbes. ASSOCIATED PRESS. In 2020, Elon Musk’s net worth shows a great rise. Update: This article has been updated to reflect Tesla’s share price as of the market close on August 31, 2020. Tesla CEO Elon Musk’s net worth has increased by over $82 billion in 2020 after a 480% increase in stock price so far this year. The automaker's CEO has added more than $100 billion to his net worth in 2020. The wealthiest 500 people on the planet added $ 1.8 trillion to their combined net worth in 2020. Elon Musk Net Worth $21 Billion Elon’s parents divorced when he was nine, and he lived with his father for the next 10 years. Elon Musk's net worth got a boost from Tesla's stock split. Throughout that year, his net worth increased by $150 billion, largely driven by his ownership of around 20% of Tesla stock. During this, Musk's net worth was often volatile. Tesla CEO Elon Musk's net worth has reached $115 billion, making him the third-richest person in the world. Among them, Elon Musk, founder and CEO of both Tesla and SpaceX, saw his wealth shoot up by 599 percent in the last year, which boosted his net worth to $172 billion. He was constantly at this position throughout 2019 and still in the 21st position in 2020. The January of 2021 came with a big bang for Elon Musk. In August 2020 two major variables pushed Elon’s net worth over $90 billion for the first time. At the start of 2020, Musk was the 35th richest person in the world. In 2018, his net worth shows a rise, and it goes up to $22.5 billion. He was first listed on the Forbes Billionaires List in 2012, with a net worth of $2 billion. At the start of 2020, Elon Musk had a net worth of $27 billion.