20.7 billion USD
Elon Musk, a polymath entrepreneur who nearly went bankrupt launching Tesla Motors and rocket company SpaceX, is now worth more than $20 billion.
On Wednesday, Forbes unveiled its annual Richest In Techlist, which ranks the 100 wealthiest self-made tech billionaires. Musk placed 12th in the order, at $20.7 billion, ahead of high-profile names including Paul Allen ($20.5 billion) and Eric Schmidt ($12.4 billion).
This week marks the first time Musk’s fortune has eclipsed $20 billion on Forbes’ rankings of the planet’s wealthiest people. In March, when Forbes released its list of The World’s Billionaires, his net worth stood at $13.9 billion.
Much of the increase since then is attributable to the soaring value of aerospace firm SpaceX. The company, which ultimately plans to send humans to Mars, raised $350 million last month at a valuation of about $21 billion; Musk owns more than half of the business. News of the funding round was first reported by the New York Times.
SpaceX has notched a number of significant achievements this year.