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.point 202 |
They include Microsoft’s founder, Bill Gates, as well as Amazon’s founder, Jeff Bezos.point 86 | While Bill’s wealth stands at a staggering $125 billion, Bezos leads the pack with $200 billion.point 173 | Now that’s some serious cash if we must say so ourselves.point 226 | 1
On the other hand, Mark Zuckerberg, the famous founder of Facebook, is currently worth $111 billion.point 201 |
These statistics are referenced from Bloomberg’s Billionaire’s Index.point 74 | Unbelievingly, Tesla’s stocks kept on experiencing a meteoric rise, ever since the month of October, last year.point 175 | However, it did see a slight downfall during the COVID-19 shutdown, that hit March of this year.point 255 | 1
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.