Elon Musk overtakes Zuckerberg, becomes third richest person in the world

Head of Tesla and SpaceX, Elon Musk, is now the world’s third-richest person. He has a total of $110 billion wealth and overtook Facebook owner Mark Zuckerberg. According to the stock index, Tesla stock skyrocketed that added $7.6 billion to Musk’s accounts.

Tesla stock boosted by 15 percent as a consequence of the name inclusion into the S&P 500 Index on November 16. Tesla now would be amongst the top 10 companies in the benchmark index upon entry.


Tesla would be one of the largest companies added to the S&P 500 in the past decade, said S&P Dow Jones Indices. The company is considering adding Tesla in two stages on December 14 and 21.

According to S&P Dow Jones Indices, Tesla’s inclusion in the widely-followed stock market index means investment funds indexed to the S&P 500 will have to sell about $51 billion worth of shares of companies. That money will be used to buy Tesla shares to correctly reflect the portfolio on the index.