Elon Musk gains $8 billion, becomes the 4th-richest person in the world as Tesla stock soars

Elon Musk’s personal wealth is soaring along with Tesla’s stock.

The CEO’s net worth increased by nearly $8 billion on Monday as Tesla’s stock price jumped 11% and closed at an all-time high. Musk’s net worth is now $84.8 billion, making him the world’s fourth-richest person, according to the Bloomberg Billionaires Index.

Musk overtook Bernard Arnault, the French billionaire and CEO of the luxury brand LVMH, to secure the position on the list. He now sits behind Facebook CEO Mark Zuckerberg, who has a net worth of $99 billion.