Chemical Free Body


As we reported last week, Elon Musk, CEO of Tesla was poised to take over second place for the world’s richest person.  He did that Monday as the s shares of Tesla Inc. continued their unrelenting rally after undergoing a forward stock split. He surpassed Facebook Inc. co-founder Mark Zuckerberg into second, behind Amazon founder Jeff Bezos, who is worth over $200 billion.

Musk is now worth $115.4 billion compared with $110.8 billion for Zuckerberg, according to the Bloomberg Billionaires Index.  Musk still has a long way to become the world’s richest person.  

Musk, 49, has seen a meteoric rise in his wealth, with his net worth growing by $87.8 billion this year as Tesla shares surged almost 500%. Also helpful: an audacious pay package, the largest corporate pay deal ever struck between a chief executive officer and a board of directors, that could yield him more than $50 billion if all goals are met.

Also Monday, Jeff Bezos’s ex-wife MacKenzie Scott became the world’s richest woman, passing L’Oreal SA heiress Francoise Bettencourt Meyers. Scott, 50, who received a 4% stake in Inc. as part of her divorce from founder Bezos, is now worth $66.4 billion.

Tesla’s $464 billion market value now exceeds that of retail behemoth Walmart Inc., the largest company in the U.S. by revenue.

Last week, Musk joined Zuckerberg, Bezos and Microsoft Corp. co-founder Bill Gates in the rarefied centibillionaire club as tech stocks rose.

For additional information visit our friends at Bloomberg.

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