How did Elon Musk become 3rd richest?

The last bit of news also means Musk, 49, became the world’s third-richest person, leapfrogging Mark Zuckerberg. Tesla surged as much as 15\% on Monday in after hours trading. On Tuesday, the shares ended up 8.2\%, pushing his fortune $7.6 billion higher to $109.7 billion, according to the Bloomberg Billionaires Index.

How did Elon Musk become the richest person in the world?

Thanks to both Musk’s Tesla shares and his majority stake in privately-held SpaceX, where he serves as CEO, Musk has accumulated vast wealth. Musk gained $8.6 billion since Friday’s closing and more than $52 billion year-to-date, the Bloomberg Billionaires Index says.

Is Elon Musk really the richest person in the world?

Weird. Britta Pedersen/Pool/AFP via Getty Images Bloomberg reports that Elon Musk has surpassed Jeff Bezos to become the richest person in the world, with a net worth of $188.5 billion. Golly!

Will Elon Musk overtake Mark Zuckerberg as World’s third-richest person?

Photograph: Odd Andersen/AFP/Getty Images Elon Musk, the maverick chief executive of electric car company Tesla, is poised to overtake Facebook’s Mark Zuckerberg to become the world’s third-richest person after Tesla’s shares jumped 13\% following its selection to join the S&P 500 index of leading US companies.

How did Elon Musk make his money in 2020?

Tesla stock rose an astonishing 743 percent in 2020, meaning that the CEO and founder’s 20 percent stake increased its value by a factor of 8½, taking him from a run-of-the-mill billionaire to the very top of the heap.* Additionally, Musk has made billions off a complicated bonus deal that rewards him for good stock performance.

Is Jeff Bezos really worth more than Elon Musk?

Amazon stock is up more than 70 percent since then, so if the Bezi were still counted as one net worth on the Bloomberg list, Jeff Bezos would be far ahead of Musk, at $242 billion. Correction, Jan. 8, 2020: This post originally misstated that the value of Musk’s Tesla stake increased by a factor of 7½.