Elon Musk On Track To Become World’s Third-Richest Person, Overtaking Facebook CEO Mark Zuckerberg
Elon Musk’s bank just keeps getting bigger. According to Insider, the 49-year-old’s personal wealth grew by $15 billion on Monday after Tesla got a spot in the S&P 500 index, bringing him on the track to become the world’s third-richest person, overtaking Facebook CEO Mark Zuckerberg.
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The news site notes that the automaker’s share price, which closed at $408.09 on Monday, jumped 14% in after-hours trading when Tesla’s inclusion in the index was announced. Musk, who is the CEO of Tesla and SpaceX, net worth will soon skyrocket to $117.5 billion, according to the Bloomberg Billionaires Index.
Musk’s overall $90 billion gain this year has been the highest among the entire list of 500 billionaires. This means he would overtake Zuckerberg, who has a net worth of $106 billion, Insider notes.
With a market capitalization of $400 billion, Tesla met requirements to be included in the index and is set to join as one of the 10 most valuable companies on December 21, Insider notes.
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