Elon Musk Becomes World’s Third-Richest Person Overtaking Zuckerberg

Elon Musk

Elon Musk, 49, CEO of Tesla (an American electric vehicle and clean energy company) is accelerating in full throttle mode to become the world’s third wealthiest person overtaking Zuckerberg (Co-Founder of Facebook Inc ).

Elon Musk – Now Third-Richest Person

On Monday, Bloomberg published about Elon’s one of the most significant gains that increased his net worth by more than $15 billion in extended trades. It was a marvelous jump Elon Musk made in the ranking of the 500 wealthiest people in the world. Elon is now below Bill Gates and Jeff Bezos.

A panel of experts from Bloomberg Billionaires Index estimates said that Elon Musk’s estimated net worth was $102 billion by the end of Monday. Musk ranked the world’s fourth-richest person till then. But after the addition of $15 billion, Elon will overtake Zuckerberg, who holds a net worth of $106 billion. Zuckerberg will now become the fourth person while Elon will lead at third rank.

The boost Elon Musk has received is no less than a gift for him. The American electric car and clean energy company Tesla.Inc that was on the point of bankruptcy revived due to efforts made by Elon and has a potential market value of $454 billion.

According to reports, Tesla.Inc has bypassed the largest revenue generator of the US that is Walmart. Tesla is performing excellently in investing and trading.

Officials said the company successfully generated a 13% stock gain after S&P Global added the company would be added to the S&P 500 index. S&P 500 index is a list of the most important stocks in the US. That is a very crucial achievement for Tesla.Inc and Elon Musk as well.

Aiming To Grow

Now Tesla is aiming to grow itself up to the level of the world’s top performers in gaining investors. Elon Musk is burning night oil to match the level of Warren Buffett’s Berkshire Hathaway, Steve Job’s Apple, and Bill Gate’s Microsoft.
Officials from S&P stated that the newly added Tesla is going to be the best joiners to S&P and this will be one of the most incredible financial deals in the history of the S&P 500.

Tesla is a very big company that is being added to the S&P 500. So the officials of S&P Global are brainstorming with investors on whether to add Tesla in two or all installments or at once. Due to the size of the Tesla, the addition process will be affected.

The experts from S&P Global are still discussing with Dow Jones Indices by consulting the mutual installments whether to add Tesla immediately or in two further installments with rebalancing.

Mainly talking about the year 2020, the performance of Tesla in the inventories sector wasn’t that good, but it was understood. However, Tesla not only balanced the situation but pumped its net worth through shares. Tesla was boosted by 374% of the gain of their real value on its shares listed on the NASDAQ.

Tesla did the same thing last year. It broke records of revenue generation by raising $8.7 billion while Wall Street projected only $8.7billion. Along with another record of the quarter with $14.5 billion of capital in hand.

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