Elon Musk Unseats Bernard Arnault to Become the Fourth Richest Person in the World.

Elon Musk has now emerged as the fourth richest person in the world after he added a whopping $8 billion to his net worth in a single day as Tesla’s shares soared to all-time highs.

Musk rose from his fifth-place position to unseat CEO of luxury brand Louis Vuitton and French billionaire Bernard Arnault.

According to report indexes, Tesla’s stock jumped 11 percent on Monday, and Musk’s net worth rose to $84.8 billion, making him the fourth richest person in the world.

The Tesla CEO now sits behind Facebook CEO Mark Zuckerberg, who has a net worth of $99 billion.

Much of Musk’s net worth is tied up in his electric car maker Tesla, which has seen its shares surge more than 300% this year.

Musk is also the CEO and co-founder of SpaceX, which made history last month, sending the first NASA astronauts to space from American soil in nearly a decade according to reports.