News Desk
Elon Musk, the chief executive officer of the electric car company Tesla has leapfrogged Facebook’s Mark Zuckerberg and has now become the third-richest person in the world. The tech mogul’s fortune swelled by more than $15bn (£11.3bn) in a single week after Tesla’s shares jumped 13% following the news of its selection to join the S&P 500 index of leading US companies. Musk, who owns 20% of Tesla’s shares and founded rocket company SpaceX, has experienced an increase of about $90bn in his fortune so far this year. According to The Guardian, Tesla has the highest market value of any car company in the world – ahead of Toyota, Volkswagen and General Motors – despite making just a fraction of the number of vehicles.
