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 Amazon.com 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.
