Elon Musk becomes world’s 3rd richest person surpassing Mark Zuckerberg

Published by Hasan Amjad on

  • Elon Musk, CEO of Tesla and SpaceX, just became the world’s third-richest man, surpassing Facebook CEO Mark Zuckerberg.
  • According to Bloomberg, Musk’s fortune reached $115.4 billion after a split in Tesla stocks sent shares to surge.
  • This year alone, Musk’s wealth has risen to $87.8 billion, but the centibillionaire doesn’t seem to spend lavishly: he tweeted recently that he wanted to sell “almost everything” of his physical possessions, and that he would “own no property.


Elun Musk’s Net Worth according to Bloomberg Billionaires Index

According to the Bloomberg Billionaires Index, the Tesla and SpaceX CEO on Monday saw its net worth touching $115.4 billion. He is now wealthier than Facebook CEO Mark Zuckerberg, who has assets of $110.8 billion, coming in behind Microsoft co-founder Bill Gates at No. 2 and Amazon CEO Jeff Bezos at No. 1, whose wealth has exceeded $200bn.

Musk’s wealth has surged in the midst of the coronavirus pandemic: his fortune has risen this year alone to $87.8 billion, according to Bloomberg. Tesla’s stock split on Monday sent shares rising up to 12 percent, resulting in Musk’s increasing the Billionaires Index.

Elon Musk’s disinterest in his wealth

Despite his massive income accumulation, Musk has always spoken of his disinterest in his own personal property. Musk tweeted in May that he planned to sell “almost all” of his physical possessions and that he would “own no home.” Since then, he has reportedly agreed to sell four of his Los Angeles properties to a luxury real estate developer, which were listed for a total of $62.5 million.

Musician Grimes defends Musk’s Wealth

Musk’s girlfriend, the  Grimes, attempted to defend his economic power earlier this year in an interview with Rolling Stone, saying he is reinvesting the money to make the world a better place. Grimes said that Musk puts his money “into R&D to make the world better,” and “places every single ounce of his investment in everything he cares about. It’s not as if Musk is” buying yachts “with his billions, Grime.

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Musk’s Donation Pledge

Musk doesn’t seem to be investing as luxuriously as other billionaire CEOs, with his LA real estate holdings proving to be his greatest personal investment. Musk has signed the Donation Pledge, vowing in his lifetime or in his will to donate the majority of his money.

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