SA-born Elon Musk is now worth more than the entire pension savings of government employees in his land of birth. The Bloomberg Billionaire’s Index shows Musk is worth a staggering $128bn, thanks largely to Tesla’s surging stock value.

That makes him the second-richest person in the world behind Amazon founder Jeff Bezos. If you’re battling to quantify that level of wealth, consider for a moment that it exceeds the assets of the Public Investment Corporation (PIC), which invests on behalf of the Government Employees Pension Fund (GEPF)...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now