Elon Musk became the third richest person in the world!


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With the explosion of Tesla’s shares, the fortune of the company’s CEO Elon Musk also increased considerably, and Musk became the 3rd richest person in the world. Elon Musk’s total wealth reached $ 117.5 billion. Thus, Mark Zuckerberg’s throne was also shaken.

Elon Musk became the third richest person in the world!

Tesla’s shares rose 13% after Tesla’s election to participate in the S&P 500 index of leading US companies, said Elon Musk, CEO of the electric car company Tesla. Musk snatched the title of the third richest person in the world from Mark Zuckerberg.

The most recent surge in Tesla share price is estimated to have increased Musk’s fortune by about $ 15 billion (£ 11.4 billion) to $ 117.5 billion.

THE WORLD RANKING IS CHANGING

According to The Guardian’s report, this placed 49-year-old Musk in third place, ahead of Zuckerberg, 36, with $ 106 billion according to the Bloomberg Billionaires Index. The index places Musk in fourth place with $ 102 billion, but does not yet include the 12% increase that occurred after the market closed on Monday.

Musk, who owns 20% of Tesla shares and founded the rocket company SpaceX, has seen an increase of nearly $ 90 billion in his fortune so far this year. Tesla’s wealth could rise even more when the rise in share prices puts Musk on target for a bonus deal that could pay him $ 55.8 billion.

JEFF BEZOS AND BILL GATES COME BEFORE MUSK

The richer people in the world than Musk are Amazon founder Jeff Bezos with a fortune of $ 184 billion and Bill Gates, the main founder of Microsoft, with $ 129 billion. Gates has paid more than $ 50 billion to fight disease and poverty.

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Musk signed Giving Pledge, a philanthropic initiative created by Gates and investor Warren Buffett to encourage the world’s richest people to commit to giving at least half of their wealth to charities. However, the Musk Foundation, a charity that he founded with his brother in 2002, donated less than $ 100 million according to legal regulations.

TESLA WILL TAKE PLACE AMONG THE MOST VALUABLE COMPANIES

Tesla would join the index in the last change in September, but was disabled due to concerns about the stock’s volatility. With a stock market value approaching $ 400 billion, Tesla will be among the most valuable companies ever added to the S&P 500 index.

Tesla has the highest market value of any car company in the world, ahead of Toyota, Volkswagen, and General Motors, although it only accounts for a fraction of the number of vehicles. Telsa expects to deliver up to 500,000 vehicles this year, compared to Toyota’s annual production of around 10 million.


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