This Ultra-Rich Boys’ Club Just Got Its 5th Member – Elon Musk

Well, Elon Musk is having a fabulous week. After Tesla’s stock prices skyrocketed, Musk (the company’s founder) watched his personal fortune soar to $147 billion — making him the newest member of the 2020 centibillionaires boys’ club.

Learn More: As Concerns of Tesla Overvaluation Pile Up, Elon Musk Receives Big Award

In case you’re not a member yourself (or wondering what a “centibillionaire” even is), this exclusive group only admits people with personal wealth topping $100 billion. The beloved Oracle of Omaha Warren Buffett doesn’t even make the cut, with a net worth hovering at only about $85.8 billion. In fact, a mere five centibillionaires share Planet Earth with the rest of us ordinary humans, and according to the Bloomberg Billionaires Index (a daily ranking of the world’s richest people), Musk just snagged a primo spot right below Jeff Bezos.

Learn more about the people with enough money to solve multiple global catastrophes many times over.

5. Mark Zuckerberg ($105 billion)

Mark Zuckerberg co-founded his social media platform Facebook in 2004 as a 19-year-old Harvard student and took the company public in May 2012. He owns roughly 15% of Facebook stock, though much is up in the air with its value now that the company is embroiled in multiple antitrust lawsuits.

Learn More: Facebook Stock Down Following Antritrust Lawsuits from 46 States and the FTC

4. Bernard Arnault ($111 billion)

As the richest person in France, Arnault oversees a luxury goods empire. The global taste-maker manages 70 brands including cosmetic giant  Sephora, upscale watchmaker TAG Heuer, fashion icon Louis Vuitton and iconic American jeweler Tiffany & Co. 

Status Symbols: Louis Vuitton Bags and 8 More Luxury Items That Don’t Lose Their Value

3. Bill Gates ($128 billion):

As co-founder of Microsoft (the world’s biggest software producer), Gates owns about only about 1% the tech company. Most of Gates’ wealth is obtained from a holding firm called Cascade Investment, which was created from Microsoft stock sales and dividends.

2020 in Review: The Year for Bill Gates

2. Elon Musk ($152 billion)

Musk splits his time as CEO of Tesla (electric car manufacturer) and CEO of Space Exploration Technologies (a rocket manufacturer). The South African-born entrepreneur owns roughly 20% of Tesla and 54% of SpaceX. 

Risky Business: Elon Musk’s Biggest Bets That Paid Off

1. Jeff Bezos ($182 billion)

King of online shopping, Bezos has earned the title of the world’s wealthiest person three years running now. As the e-commerce titan of the biggest store on earth, Bezos launched Amazon in 1995 and owns roughly 11% of Amazon, which has had a stellar year. The site started as an online bookstore and, 25 years later, sells… well, just about everything.

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About the Author

Lisa Beach

Lisa Beach is a freelance journalist, content marketing writer, and copywriter. Her work has been published in The New York Times, USA Today, Parade, Conde Nast Traveler, and Good Housekeeping. Check out her writer’s website at LisaBeachWrites.com.

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