NEW YORK: Tesla CEO Elon Musk has become the third richest person in the world leaving Facebook founder Mark Zuckerberg behind.
The Tesla CEO is now worth $115 billion as compared to the Facebook founder’s $110 billion. According to Bloomberg’s billionaire index, Musk’s net worth increased by $87.8 billion this year as Tesla’s stocks increased fivefold.
Tesla’s current $464 billion market value now exceeds the retail giant Walmart, which is the largest company in the US in terms of revenue. The share value hit an all-time high of $935 per share on June 12 and had more than doubled again by the end of last month, hitting $2,213 on 28th August.
This only leaves two other leaders of the tech industry ahead of Musk, including Bill Gates with an estimated net value of $125 billion, and Amazon’s Jeff Bezos who is currently worth $202 billion.
Musk has been rapidly climbing through the ranks as he jumped from fifth to fourth in only two weeks and he now sits at third. It wouldn’t be surprising to see him catch up to Gates soon.
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