World’s Richest Billionaire, Elon Musk, Earns $19 billion as Tesla Stock price hits over $1000

Despite enormous buying pressure on the world's most valuable automobile company, Elon Musk, the CEO of Tesla and SpaceX, is the richest person on the planet. The billionaire now has a net worth of $275 billion after daily increases of approximately $19 billion. 

Elon Musk's net worth is 2.51 billion barrels of crude oil or 143 million troy ounces of gold. According to regulatory filings from February 2021, Musk owns around 17% of Tesla.

Tesla's stock was up more than 8% at $1,091 at the end of the Monday trading session in New York, as investors were positioned on the stock split.

Tesla intends to split its stock in order to pay a stock dividend to investors, according to a filing made Monday.

The electric car maker wants to request an increase in the number of shares of common stock approved at its annual shareholders' meeting, according to a Securities and Exchange Commission filing, "to facilitate a stock split of the company's common stock."

Stock dividends are dividends paid to shareholders in the form of extra firm shares. They dilute a company's share price yet have no impact on the company's value.

To put it another way, if Tesla splits into six shares for one, shareholders will get a five-for-one dividend. However, this will only happen once.

In September 2020, the firm split its stock five-to-one, just one day after announcing plans to sell shares for up to $5 billion.

Tesla stated three months later that it would host another public offering to raise an extra $5 billion.

Meanwhile, the tech mogul feels he is the world's wealthiest man in principle, but not in fact.

Musk implied that Putin is substantially wealthier than he is in a recent interview with Axel Springer CEO Mathias Döpfner. "How much is Putin worth? "No one knows," Musk stated emphatically.

By the end of last year, Musk had surpassed Jeff Bezos as the world's richest man.