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Elon Musk displaces Mark Zuckerberg on millionaires list

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Manish Saini
Manish works as a Journalist and writer at Revyuh.com. He has studied Political Science and graduated from Delhi University. He is a Political engineer, fascinated by politics, and traditional businesses. He is also attached to many NGO's in the country and helping poor children to get the basic education. Email: Manish (at) revyuh (dot) com

Tesla founder Elon Musk displaces Facebook’s father Mark Zuckerberg on Bloomberg’s list of millionaires, making him the world’s third-richest man. This comes after the famous electric car company won a place in one of the America’s largest stock indices, the S&P 500.

The entrepreneur managed to increase his wealth to $120 billion as the shares of his company rose 16% after the closing of November 18, estimates Bloomberg. Generally speaking, the tycoon’s stock rose more than three times so far in 2020.

In 2020, Elon Musk’s fortune rose by $82.2 billion, which is the highest income among the 500 richest people in the world.

Bloomberg estimates that Tesla will be one of the 10 most valuable companies on the index when it is added to it on December 21.

Thus, Musk will surpass Facebook CEO Mark Zuckerberg with a net worth of $103 billion, according to Bloomberg’s billionaires’ index. Meanwhile, Amazon owner Jeff Bezos with $183 billion, and Microsoft co-founder Bill Gates, with $128 billion, ranks at the top of the list.

On November 11, French luxury mogul Bernard Arnault joined the list of the top five fortunes over $ 100 billion. For the first time in history, five people have managed to raise capital in excess of $ 100 billion. The sum of their assets is equivalent to the annual GDP of countries such as Argentina, Switzerland or all of Saudi Arabia.

Two years ago, there was only one cent-imillionaire on the planet: the founder of Amazon, Jeff Bezos, who to this day adds up to $ 179 billion despite the divorce that led him to cede much of his estate to his ex-wife, MacKenzie Scott.

Early in the coronavirus crisis, the world’s dedicated non-profit organization combating poverty on the planet, Oxfam, revealed that the world’s 2,000 richest people own more than half of humanity.

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