Breaking News

Just In: Elon Musk Displaces Zuckerberg As Third World Richest Man

Select Language


Mark Zuckerberg’s reign as the third-richest man on Earth didn’t last long.
The Facebook CEO lost his grip on the No. 3 spot this week after Tesla boss Elon Musk’s wealth soared to new heights, capping a rally that has seen him add a mind blowing $87.8 billion to his fortune this year.

Musk worth $115.4 billion now trails only Amazon CEO Jeff Bezos and Microsoft’s Bill Gates in the wealth rankings. Bezos’ net worth recently topped $200 billion, while Gates is worth $124.8 billion, according to the Bloomberg Billionaires Index.

Zuckerberg, who recently became a centabillionaire, is worth $110.8 billion. Musk has seen his fortune grow more than anyone else this year, narrowly beating out Bezos, whose own net worth is up $87.6 billion as stuck-at-home consumers have turned to Amazon for all their shopping needs.

Tesla’s shares have been on a dizzying rally this year that has seen the company’s market cap more than quadruple.

The electric automaker on Monday underwent a 5-for-1 stock split, sending its share price up more than 12 percent. Tesla’s market cap now sits at $457.4 billion.
Tesla became the world’s most valuable carmaker by market capitalization when it overtook former front-runner Toyota on July 1. The company now accounts for more than 40 percent of the total market cap of a group of 12 of the world’s largest automakers.

NGstudents Team Cares….. 

About Amakvitaa (8348 Articles)
Publisher, Freelance Blogger, Author, Web Developer, Machine Learning Expert And Data Scientist (C++, Python, HTML, CSS, JS, SQL)

Say Something !! (Comment)

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: