Just saw that Michael Saylor's net worth hit the billionaires club for the first time. Dude went from nowhere to $7.37 billion since January, which is wild. He's now ranked 491st on Bloomberg's list, up about $1 billion in just a few months.

What's crazy is that almost all of his wealth is tied to MicroStrategy stock - like $6.72 billion of his net worth is just MSTR holdings. The company's stock has been on a tear, up nearly 12% since the start of the year. Only about $650 million is actual cash. So basically, Michael Saylor's net worth is completely dependent on how MicroStrategy performs.

It's kind of a wild ride being that exposed to a single stock, but I guess when you're the executive chairman and your company's doing well, your net worth follows. Interesting to see how much of his wealth is just paper gains from MSTR at this point.