To make sure you never miss out on your favourite NEW stories, we're happy to send you some reminders
Click 'OK' then 'Allow' to enable notifications
| Last updated
Elon Musk's net worth has climbed considerably after rental car company Hertz secured a massive deal with Tesla.
Hertz has confirmed its purchase of 100,000 Tesla Model 3 for its enterprise, which sent Tesla's share price sky high.
The company had its biggest day ever on the stock market as it raked in US$25.6 billion (AUD$34.1 billion).
The $4.2 billion deal and resulting 13 per cent rise in the share price means Tesla's market capitalisation has now pushed it into the trillion dollar club alongside the likes of Google, Facebook, Apple and Microsoft.
It's not only good news for Tesla but also for head honcho Elon Musk.
Forbes says the tech billionaire's 21 per cent stake in the car company mean his personal net worth has jumped up to $255.2 billion.
That makes Musk 'the richest he's ever been, and likely the richest person to ever walk the planet'.
The publication added: "He's richer than any billionaire Forbes has ever tracked."
Elon Musk is the only person in the $200+ billion club after Jeff Bezos dropped down to $193 million.
The two have been in a financial tit-for-tat for the world's richest person and they have been constantly being dethroned by the other when they do something big.
After passing Bezos earlier this year, Musk put plans in place to send a permanent reminder to his rival, in the form of a silver medal and statue.
In an email, Musk said: "I'm sending a giant statue of the digit '2' to Jeffrey B., along with a silver medal."
In terms of wealth, Bernard Arnault - a French businessman and CEO of Louis Vuitton - is ranked after Musk and Bezos, who has a $166 billion personal wealth.
After that it's Bill Gates ($134 billion), Larry Page ($123 billion), and Mark Zuckerberg ($121 billion)
Earlier this month, the Bloomberg Billionaires Index found Musk has more personal wealth than Bill Gates and Warren Buffet combined.
It's incredible to think that just two years ago Musk's worth was estimated to be around $19.9 billion and look at him now.
He's increased that number more than tenfold and, with all his projects in the pipeline, it could sore even higher if he plays his cards right.
Chosen for YouChosen for You
Most Read StoriesMost Read