Download: $15 Billion More in Elon’s Pockets
Elon Musk’s pockets just got $15-billion heavier after S&P Global’s announced listing of Tesla in the S&P 500. Musk is now positioned to challenge Zuck for the bronze seat of the world’s richest.
- Tesla’s CEO just got $15 billion added to his name after the confirmed S&P 500 listing.
- Musk is on track to overtake Mark Zuckerbeg, Facebook CEO, as the third richest in the world.
- As per the Bloomberg Billionaires Index, Elon Musk is now worth $117 billion after the S&P 500 announcement on Monday.
- Tesla will be officially added to the list of S&P 500 components on December 21, 2020.
Elon Musk is now worth $15 billion more after S&P Global’s announcement last Monday of Tesla Inc.’s inclusion into its S&P 500 index. Musk is now closing in on Facebook Founder Mark Zuckerberg’s position as the third-richest in the world.
Tesla share price was $408.09 at market close on Monday. During the extended trading hours, however, the share price skyrocketed by 14% courtesy of the inclusion’s announcement.
According to the Bloomberg Billionaires Index, the Tesla and SpaceX CEO gained $90 billion in the year thus far; the biggest gain in 2020 amongst 500 listed billionaires. Musk’s current net worth is estimated at $117.5 billion, which should put him ahead of Zuck.
Note that Mark Zuckerberg has an estimated $106-billion net worth.
Musk’s $400-billion clean energy and electric vehicle company, Tesla, is set to be listed in S&P 500 on December 21 and join the ranks of Amazon, Apple, Facebook and Microsoft as one of the 10 most valuable components of the index.
Tesla met the market-capitalization-weighted index’s requirements, which lists that components must be US-based, be at least $8.2-billion in market capitalization, posted four profitable quarters in succession, have high liquidity and half of the shares are publicly available.
S&P Global failed to disclose which company will lose its spot in the index in favor of Tesla; specifying a separate release regarding this detail.
On a separate note, Musk revealed that he was tested for Covid-19 four times on the same day during the weekend while questioning the reliability of the test due to mixed results.
Something extremely bogus is going on. Was tested for covid four times today. Two tests came back negative, two came back positive. Same machine, same test, same nurse. Rapid antigen test from BD.
— Elon Musk (@elonmusk) November 13, 2020