Look who’s richer now?
Tesla’s Elon Musk is now the third-richest person globally and beating Mark Zuckerberg on the spot. This is due to Tesla’s shares that are still undergoing a forward stock split. According to Bloomberg Billionaire’s index, Musk’s current worth now is $115.4 billion.
This Monday, Jeff Bezos’ ex-wife, MacKenzie Scott, became the woman in the world. She received a 4% stake in Amazon.com Inc. as part of the divorce, which is now worth $66.4 billion.
Who is Elon Musk of Tesla?
Elon Musk has been growing his wealth for the past few years. His wealth eventually rises to $87.8 billion this year as Tesla shares surged almost 500%. Aside from the stocks, he also has a pay package that could yield him more than $50 billion if all goals are met.
Tesla’s $464 billion market value now exceeds that of Retail Giant, Walmart Inc., the largest company in the U.S. by revenue.
Tesla’s Elon Musk as a Centibillionaire
These Tech founders’ wealth accumulation in recent months is in stark contrast to the state of the global economy. And, billionaires or not, business executives have increasingly precipitated high unemployment and a significant GDP fall as COVID-19 bites through the U.S. economy. A study carried out by the organization CGLytics showed that 3,000 public sector members take salary reductions. However, in many instances, they contributed to a relatively limited percentage of total salaries.
The steps came amid tech giants speaking at a controversial antitrust meeting in the U.S. House of Representatives. The overwhelming figures have put Big Tech under heightened pressures. This is with Zuckerberg, Musk, Bezos, Tim Cook, Apple Chief Operating Officer, testifying against claims that their power and dominance were out of reach before Congress last month.