Elon Musk now richer than Mark Zuckerberg after gaining overnight wealth

Elon Musk now richer than Mark Zuckerberg after gaining overnight wealth

- South African born billionaire Elon Musk is now reportedly richer than Facebook's Mark Zuckerberg

- Musk gained around $12 billion (N4,628,176,800,000.00) in wealth overnight pushing his net worth up to $114 billion (N43,967,679,600,000.00)

- The 49-year-old is now set to be the third richest person in the world, just a few billion dollars away from Jeff Bezos

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South African-born billionaire Elon Musk is reportedly richer than Facebook co-founder and CEO Mark Zuckerberg. According to reports, Musk gained another $12 billion (N4,628,176,800,000.00) in wealth overnight.

This is due to the announcement of Tesla's addition to the S&P 500 (a stock market index that measures the stock performance of 500 large companies). Musk's network is sitting on $114 (N43,967,679,600,000.00) billion while Zuckerberg's is $101.7 billion (N41,422,182,360,000.00).

Musk is also currently the highest-paid executive on the planet and according to reports, he doesn't take a salary from Tesla.

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Elon Musk richer than Facebook's Mark Zuckerberg Export
Elon Musk is now richer than Facebook's Mark Zuckerberg. Credit: Getty Images
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According to Business Insider, Musk hasn't sold any of his stakes since 2016. While The Guardian reported that 49-year-old Musk is set to be the third richest person in the world.

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Meanwhile, Legit.ng earlier reported that the Facebook founder's wealth passed a $100 billion (N37,900,000,000,000) mark for the first time on Thursday, August 6, after his company Facebook Inc hit a record profit after the release of Reels.

Facebook's founder joined the league of centibillionaires of Jeff Bezos and Bill Gates. It should be noted that his fortune largely comes from his 13% stake in Facebook.

This development adds to the fact that American tech titans have had their fortune take a huge surge this year as the coronavirus pandemic makes people conduct their activities online more than before.

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Source: Legit.ng

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