Musk the third-richest person
Elon Musk passed Facebook co-founder Mark Zuckerberg Monday to become the third-richest person in the world, closely following Microsoft founder Bill Gates and Amazon CEO Jeff Bezos.
According to the Bloomberg Billionaires Index, the Tesla CEO now has a total fortune of $115.4 billion compared with $110.8 billion for Zuckerberg.
Musk, 49, has seen a meteoric rise in his wealth, with his net worth growing by $87.8 billion this year as Tesla shares surged almost 500%.
Also helpful: an audacious pay package - the largest corporate pay deal ever struck between a chief executive officer and a board of directors - that could yield him more than $50 billion if all goals are met.