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Elon Musk entered the top three richest people. Tesla founder overtook Facebook creator
Today, November 19, it became known that the CEO and co-founder of Tesla Elon Musk became the third in the list of the richest people on the planet.
Image source: Forbes
Previously, this position was occupied by Facebook creator Mark Zuckerberg with a fortune of $ 103 billion. However, against the background of the growth of Tesla shares in one day, his fortune grew by $ 10 billion. At the time of this writing, the state of Elon Musk, according to Bloomberg, is estimated at $ 120 billion.
The reason for the increase in the value of shares of the manufacturer of electric vehicles is considered to be included in the S&P 500 portfolio. His basket contains shares of 505 selected companies that are listed on the US stock exchange and have the largest capitalization. Requirements that must be met to be included in the index are a market capitalization of at least $ 8.2 billion, high liquidity and positive profit for the last five reporting quarters.
Tesla’s capitalization is $ 386 billion, and since the beginning of 2021, the growth of the company’s shares has exceeded 400%. In March 2021, Forbes magazine estimated Elon Musk’s fortune at $ 24.6 billion. Currently, with a personal capital of $ 120 billion, Musk is overtaking Microsoft creator Bill Gates – he has 128 billion and Amazon creator Jeff Bezos – he is still the richest person on the planet with a fortune of $ 183 billion.