Elon Musk set to be world's third-richest person as Tesla shares soar
by Rupert Neate Wealth correspondent from on (#5AFXE)
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.
Continue reading...