Elon Musk, the chief executive of electric car company Tesla, 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.
That places Musk, 49, third on the league table of the world’s richest people in front of Zuckerberg, 36, with $106bn. The index shows Musk in fourth place with $102bn but it does not yet include the 12% surge that took place in extended trading after the market closed. Musk, who owns 20% of Tesla’s shares and founded rocket company SpaceX, has experienced an increase of about $90bn in his fortune so far this year.
The only people in the world richer than Musk are Amazon founder Jeff Bezos with a $184bn fortune and Microsoft’s principal founder Bill Gates with $129bn. Gates has given more than $50bn to help fight diseases and tackle poverty.