New post Thank you for 2021. Expecting a bigger you in 2022 Read More

News

Elon Musk Overtakes Mark Zuckerberg To Become Third Richest Man In The World

1 Mins read


According to Bloomberg Billionaires Index, Elon Musk is now worth $115.4 billion compared with Mark Zuckerberg’s $110.8.

Tesla boss’s worth passed Facebook Inc. co-founder, Mark Zuckerberg’s worth on Monday, as shares of Tesla Inc. continued their unrelenting rally after undergoing a forward stock split, Bloomberg reports.

As Tesla shares surged more than 475 per cent, Elon Musk has seen a volcanic rise in his wealth, with his net worth growing by $76 billion this year alone.

Before the split, Tesla had reached several highs this month, and has consistently achieved steady growth.

Through the course of Tesla’s growth throughout this year, Musk has also added several billion dollars to his personal fortune, which is now sitting with other billionaires like Amazon’s Jeff Bezos, Microsoft’s Bill Gates, and Facebook’s Zuckerberg, among others.

Shares of Tesla touched $500.14 per share during trading on Monday, which is the equivalent of $2,500.70 per share, prior to its stock split. Tesla’s market cap is now at $464.3 billion, as it continues to increase at a staggering pace.

Last week, Elon Musk joined the likes of Zuckerberg, Bezos and Microsoft Corp. co-founder Bill Gates in the centibillionaire club as tech stocks rose, and his wealth crossed the hundred billion dollars mark.

Bloomberg reports that Tesla has been one of the largest beneficiaries of the boom in retail investing during pandemic lockdowns. Adding that, almost 40,000 Robinhood accounts added Tesla shares during a single four-hour span.

Tesla’s $464 billion is now worth more than that of retail giant – Walmart Inc.

In related reports, Jeff Bezos’s ex-wife, Mackenzie Scott, overtook L’Oreal SA heiress Francoise Bettencourt Meyers, to become the wealthiest woman in the world.

50 year old Mackenzie Scott, who got a 4% stake in Amazon as part of divorce settlement from Amazon founder, Jeff Bezos, is now worth $66.4 billion.

469 posts

About author
When I'm not reading about tech, I'm writing about it, or thinking about the next weird food combinations to try. I do all these with my headphones plugged in, and a sticky note on my computer with the words: "The galaxy needs saving, Star Lord."
Articles
Related posts
News

Instagram unveils cool new visual elements for its platform

2 Mins read
Instagram has announced that it is bringing a major upgrade to its brand element and visual identity. The media-sharing platform announced earlier…
News

Interswitch raises $110 million to expand its digital payment services

2 Mins read
Interswitch, an African fintech company has raised $110 million joint investment to push its digital payment services across Africa. The company said…
Big StoryNewsNow you knowRandom

Flow A Leading Tech-Based Company Raises $725 million Ecosystem Fund For Web3 Innovation

1 Mins read
Web3 the future of the internet is making new strides in its developmental processes, putting companies, individuals and even the big tech…
Get powered up with Techpadi Newsletter

Be the first to know what's happening in the African tech space

Leave a Reply