Elon Musk Overtakes Mark Zuckerberg To Become World’s Third Richest Person

 

Elon Musk has passed over Mark Zuckerberg to become the third richest person in the world. Amazon’s Jeff Bezos and Microsoft’s co-founder are still the number one and number two richest persons in the world.

 

Elon Musk’s company Tesla has been accepted by a renowned stock market index S&P 500. This acceptance launched the company shares into a greater height, increasing his wealth by $15 billion (roughly $170, 000 per second). According to the Bloomberg Billionaire Index his personal wealth is now around 117.5 billion. This jump in earnings earning him the third place among the richest persons in the world unseating Zuckerberg. On December 21,2020, Tesla will be officially included on the S&P 500.

 

Tesla, a company Musk oversees, when not managing SpaceX, is an electric car company valued at over $400 billion. It has been at the forefront of the electric car business in the US.

 

Way back in May, Musk had said that he was planning to sell “almost all” of his possessions. When asked for the reason behind this plan he said that he was devoting himself to both Earth and Mars.

 

“Possession[sic] just weigh you down,” he said.

 

This has been a mixed week for him. On one hand his fortune soared to greater heights. On the other hand, he was infected with COVID-19, the infection he said wouldn’t last or return after mid year. He has been infected in the second wave of the virus, which has proved to be more deadly than the first.

 

Alphabet smashes Q3 analysts’ estimates beating revenues by $3.3 billion.

 

 

 

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