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Elon Musk Just Passed Mark Zuckerberg To Become Third-Richest Person In The World

by : Daniel Richardson on : 17 Nov 2020 13:35
Elon Musk Set To Become The Third-Richest Person In The WorldElon Musk Set To Become The Third-Richest Person In The WorldPA

To be the world’s richest person in the world is a coveted spot, and while the numbers become astronomical it is still a hot competition. Elon Musk has just come one step closer to the title and is now the third-richest individual in the world.

Musk has had a successful year, from SpaceX sending astronauts to the International Space Station to Tesla achieving a sharp share value increase.

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On the back of this increased valuation of Tesla shares, Elon Musk has become the third-richest person in the world. Not only is this an incredible testament to the endeavours of the business magnate, but it also knocks a well-known creator to fourth place.

Elon MuskElon MuskPA Images

According to the Bloomberg Billionaires Index, Musk has replaced Facebook founder Mark Zuckerberg in the rich-list standings. This leaves only Bill Gates and Amazon founder Jeff Bezos above him, albeit by a considerable margin.

With the increased valuation of Tesla, Musk improved his personal wealth by $7bn, giving him a total of approximately $110bn. This has allowed him to surpass the wealth of Zuckerberg, who has $104bn, although Bill Gates retains his second position with $129bn and Jeff Bezos leads by a large margin with $184bn.

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BezosBezosPA Images

The increasing wealth of the face of Tesla is of course reflective of the company itself. With the prospect of joining the S&P 500 in December, the company has seen an increased share valuation and this looks set to continue climbing if the company can keep its position in the electric vehicle market, The Guardian reports.

It is clear that Tesla is entering the S&P 500 with a splash, and it appears that the move is benefiting Elon Musk as his wealth continues to grow.

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Daniel Richardson

After graduating from university, Dan went on to work with a variety of tech startups and media outlets. Through working with the likes of Game Rant, The Hook and What Culture, Dan pursued his interests in technology. The skills he picked up along the way are now being utilised with UNILAD.

Topics: Technology, Billionaire, Bloomberg Billionaires Index, Elon Musk, Now, SpaceX, Tech, Tesla

Credits

The Guardian
  1. The Guardian

    Elon Musk set to be world's third-richest person as Tesla shares soar