Elon Musk is now the world’s third-richest person.
Yes, the famous PayPal founder overtook Mark Zuckerburg to acclaim his new status of fame.
With an estimated personal worth of $115.4 billion, life simply couldn’t get any sweeter than this. Meanwhile, the great news comes in as Tesla shares surged by almost 500%. And that means the Elon witnessed his personal wealth increasing by almost $87.8 billion, just this year.
Today, only two people stand in Elon Musk’s way, with a wealth that’s greater than his.
They include Microsoft’s founder, Bill Gates, as well as Amazon’s founder, Jeff Bezos. While Bill’s wealth stands at a staggering $125 billion, Bezos leads the pack with $200 billion. Now that’s some serious cash if we must say so ourselves.
On the other hand, Mark Zuckerberg, the famous founder of Facebook, is currently worth $111 billion.
These statistics are referenced from Bloomberg’s Billionaire’s Index. Unbelievingly, Tesla’s stocks kept on experiencing a meteoric rise, ever since the month of October, last year. However, it did see a slight downfall during the COVID-19 shutdown, that hit March of this year.
The good news comes in as the company continued to deliver consistent profit. According to reports, we could very soon be seeing it in the ‘blue-chip S&P 500 Index.’ And that means a further boost to its already overwhelming value.
The biggest share value increase occurred on June 12th of this year, where they topped an all-time high of around $935 per share. Meanwhile, they continued to double in value towards the end of last month again. This time, they reached a striking $2213, by August 28th.
Similarly, Tesla also publicized how it planned on embarking upon a fresh fundraising round. Here, it aims to raise around $5 billion via its share sales. And just this mere news sent up the organization’s stocks by around 3%. And today, the company is worth an estimated value of $44o billion.