Tesla CEO Elon Musk is about to become the third richest person on Earth.
Musk’s net worth jumped by more than 15-billion dollars Monday November 16th 2020 after the electric car company he founded was named to be part of the S&P 500.
The news led to a 14 percent increase in the value of Tesla stock on the Nasdaq, raising Musk’s net worth to 117-and-a-half billion dollars.
That lifts him above Facebook CEO Mark Zuckerberg and below only Microsoft co-founder Bill Gates and Amazon CEO Jeff Bezos, according to Bloomberg’s wealth rankings.
FREMONT, CA – SEPTEMBER 29: Tesla CEO Elon Musk speaks during an event to launch the new Tesla Model X Crossover SUV on September 29, 2015 in Fremont, California. After several production delays, Elon Musk officially launched the much anticipated Tesla Model X Crossover SUV. The (Photo by Justin Sullivan/Getty Images)