Musk overtook Zuckerberg in the ranking of billionaires

Ilon Musk vs Zuckerberg

The last few days were truly eventful for Elon Musk. This eccentric and ambitious businessman tested Positive for Covid-19, his SpaceX company rocketed four astronauts to the heights of our galaxy, and on Monday his electric carmaker Tesla was considered as a new legitimate participant of S&P 500 Index.

Musk has overtaken Zuckerberg in the billionaire ranking of both Forbes and Bloomberg. Tesla CEO’s fortune rises on news that his company will enter the S&P 500 index by the end of the year.

The CEO of SpaceX and Tesla Elon Musk came third in the global ranking of Bloomberg billionaires, displacing Facebook founder Mark Zuckerberg.

According to the agency, on November 19, Musk was worth $ 120 billion, and Zuckerberg’s – $ 103 billion. First place belongs to Amazon founder Jeff Bezos ($ 183 billion), the second line of the ranking with a fortune of 128 billion is taken by Microsoft founder Bill Gates.

Musk’s fortune increased on news concerning the growth of Tesla’s value. By the end of trading on Wednesday, it rose in price by 10.2%, reaching $ 486.64 per share, as follows from the exchange data. Tesla will be listed in S&P 500 beginning from Dec. 21.

In the Forbes ranking of billionaires, which is also calculated in real time, as of November 19, Musk ($ 105.4 billion), and also bypassed Zuckerberg ($ 99.9 billion) and took fourth place. In this ranking, Bezos again leads ($ 182.4 billion), followed by the head of Louis Vuitton Moet Hennessy Bernard Arnault ($ 139 billion), and the third – by Gates ($ 118.6 billion).

Musk owns 21% of Tesla shares. According to Forbes, since the beginning of the year, their value has grown by more than 460%. So, in eight months, from March 18, it grew by almost $ 76 billion, the newspaper reported.

Tesla Motors was founded in 2003 as a developer and manufacturer of electric vehicles and related technologies. Its headquarters are located in Palo Alto, California. In addition to electric vehicles, the company produces solar panels. On Sep. 22 Tesla announced that the cost of its battery cells and packs will be dramatically reduced, thereby setting a new realistic goal of $25,000 for an electric car. Tremendous work!