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Elon Musk’s fortune is ballooning

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The CEO of “Tesla” electric cars, Elon Musk, is on the path to bypassing Facebook founder Mark Zuckerberg to become the third richest person in the world, after his company’s shares jumped by 13 percent, following its selection to join the Standard & amp; Poor’s 500 “for leading American companies.

According to the British newspaper, The Guardian, musk’s fortune, whose shares of Tesla, whose shares have registered a rise of 500 percent this year, has increased from 15 billion to 117 billion dollars.

According to the Bloomberg Billionaires Index, the 49-year-old Musk is still in fourth place in the ranking of the world’s richest people, given that the estimated 12 percent rise recorded in trades after the financial markets closed on Monday is not taken into account, which puts his fortune in the range of $ 102 billion. At the same time, Zuckerberg is ranked third with 106 billion dollars.

Musk’s fortune, who owns 20 percent of Tesla, will grow faster if he gets a bonus of 55.8 billion if he can raise the value of his company to $ 650 billion by 2028.

The share price of “Tesla” had jumped from 409 dollars to 460 dollars in trading on Monday, following news that the company had entered the “Standard & Poor’s 500” index next December.

Tesla has the highest market value for auto companies, as it is ahead of Toyota, Volkswagen, and General Motors. However, its vehicles represent only a fraction of the global auto market.

The company expects to deliver nearly half a million cars this year, a modest number compared to Toyota, for example, which annually produces nearly 10 million vehicles.

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