Entrepreneur to overtake Facebook’s Mark Zuckerberg as electric carmaker selected for S&P 500
Elon Musk, the maverick chief executive of electric car company Tesla, is poised to overtake Facebook’s Mark Zuckerberg to become the world’s third-richest person after Tesla’s shares jumped 13% following its selection to join the S&P 500 index of leading US companies.
The latest surge in the Tesla share price, which had already risen by almost 500% so far this year, is estimated to have increased Musk’s fortune by about $15bn (£11.4bn) to about $117.5bn.
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Originally posted in the guardian.
