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Elon Musk becomes world’s 3rd-richest

Musk leaves behind Zuckerberg, biggest addition to his wealth in 2020

New Delhi,

Tesla Inc founder Elon Mark became the third richest person in the world on Tuesday leapfrogging Mark Zuckerberg after shares of the company rose over 8% after the electric carmaker was named for inclusion in the S&P 500 Index.

According to Bloomberg Billionaire Index, Musk’s net worth surged to $110 billion after Tuesday’s rally in Tesla Inc shares. His net worth increased by $7.61 billion in a single day making him richer than Facebook founder Mark Zuckerberg, whose net worth fell by $1.46 billion yesterday. He is now the fourth richest person in the world with $104 billion wealth.

According to the Bloomberg Billionaires Index, Musk has seen the maximum addition to his wealth this year among the top 500 billionaires in the world as his wealth has surged by $82.2 billion this year.

Musk, 49, has been in news over the last four days. First the billionaire tested positive for Covid-19 then his rocket company launched four astronauts into space on Monday and the last one being the inclusion of Tesla Inc in S&P 500 index.

Tesla will enter the S&P 500 index on December 21 after months of speculation. Earlier in September Tesla failed to make the cut during the index’s quarterly rebalancing. Now Tesla would be the biggest new entrant in the group’s history.

On Saturday, Musk tweeted that he “most likely” had a moderate case of Covid-19 and has had symptoms of “a minor cold.” Sunday he tweeted he had no symptoms. That same day, four astronauts were launched to the International Space Station in a vehicle built by Musk’s Space Exploration Technologies Corp.

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