Mike Blake / Reuters
- Elon Musk’s fortune jumped $ 15 billion after Tesla took a place in the S&P 500 on Monday.
- Tesla founder and CEO is set to become the third richest person in the world after overtaking Facebook Mark Zuckerberg.
- The inclusion of Tesla in the exclusive index resulted in Musk having a net worth of nearly $ 117 billion Monday night, according to the Bloomberg Billionaires Index.
- His company will be placed side by side with others of value like an AppleAnd the AmazonAnd and Berkshire Hathaway.
- Visit Business Insider’s homepage for more stories.
Elon Musk’s personal wealth grew by $ 15 billion after that Tesla takes a place in the S&P 500 on Monday. He is on his way to becoming the third richest person in the world, surpassing Mark Zuckerberg on Facebook.
distance Tesla Its inclusion on the index was announced, and the carmaker’s shares rose 14% in after-hours trading, closing at $ 408.09 per share.
Musk’s net worth ballooned to $ 117.5 billion as of Monday evening, according to Bloomberg Billionaires Index. His total earnings of $ 90 billion this year were the highest among the full list of 500 billionaires.
The recent expansion in his fortune means he will surpass Zuckerberg, whose net worth is currently $ 106 billion.
Tesla, which has a market capitalization of $ 400 billion, has met the requirements for inclusion on the index and will join the top 10 most valuable companies on December 21.
Among the requirements to join the S&P 500, companies must be based in the United States, have a market cap of at least $ 8.2 billion, be highly liquid, have at least 50% of their shares available to the public, and post four consecutive profitable quarters.
Musk will be positioned alongside other valuable companies such as an AppleAnd the AmazonAnd and Berkshire Hathaway.
S&P Global did not mention the company Tesla will replace, saying it will mention it in a separate statement.
Separately, the CEO of Tesla and SpaceX said this weekend that he “probably” has it A moderate case of COVID-19But he questioned the reliability of his mixed-test results.
Natalie Sinclair is a contributor at Vaughantoday.ca, covering a wide range of topics including local news, politics, business, technology, sports, entertainment, and lifestyle. She focuses on delivering clear, accurate reporting and useful information that helps readers stay informed about current events and issues that matter to their communities. Her work highlights timely developments, relevant stories, and practical insights in a professional and reader-friendly manner.