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Elon Musk is officially richer than Mark Zuckerberg after Tesla's addition to the S&P 500 sends its stock price soaring
News of Tesla’s addition to the S&P 500 index sent shares of the automaker soaring on Tuesday, helping further cement chief executive Elon Musk as one of the richest people in the world. As of Tuesday’s opening bell, when the electric automaker’s stock gained as much as 12%, Musk’s wealth rose $US11.8 billion to hit $US114 billion, according to Bloomberg’s Billionaires Index. He’s now eclipsedFacebook founder Mark Zuckerberg to take third place in the global wealth ranking, Bloomberg reported. The gains don’t necessarily mean Musk, whose riches are largely tied to massive stakes in Tesla and other ... (full story)
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