Tesla’s Elon Musk passes rival Mark Zuckerberg in net worth

Tesla’s meteorite rise in share price makes CEO Elon Musk the richest in the world list alongside Facebook’s Mark Zuckerberg. There is a connection between the two people that has resulted in a rivalry, and it all began in 2016 when SpaceX’s Falcon 9 rocket exploded, destroying a Facebook satellite.

Musk is now the world’s third-richest person after the split of Tesla Stock (NASDAQ: TSLA) on August 31, 2020. The boom has increased the company’s shares by 9.89%, or $ 43.83, at the time of writing.

Bloomberg Reports are that as of 11:25 pm EST, Musk is worth $ 111.3 billion, which is $ 800 million richer than Zuckerberg.

Tesla’s stock has grown more than 475% this year, exceeding $ 76 billion in Musk’s fortune. Meanwhile, the CEO continues to outgrow its entities, including Tesla’s electric vehicles and SpaceX’s rocket and satellite projects.

However, the latter company is different where relations between the two billionaires deteriorated. In 2016, Musk’s SpaceX was conducting pre-launch tests for the Falcon 9 rocket. The test proved to be a failure as the fire ignited a massive fireball. SpaceX’s rocket wasn’t the only thing to catch fire, as Zuckerberg’s Internet.org satellite was destroyed in the crash, and Zuckerberg was not a happy camper.

In a Facebook post from a Harvard alumnus who spent his years coding in Silicon Valley, the world’s largest social media platform, Zuckerberg voiced dissent. He said he was “deeply disappointed” that “SpaceX’s launch failure destroyed our satellite.”

Sincerely: Mark Zuckerberg | Facebook

Musk apologized and SpaceX provided Zuckerberg a free launch for the failure. He also stated that “I think he had some insurance.”

Since then, the two people have not settled their differences, and Elon and “Zuck” have bargained for each other for many years. Zuckerberg has made fun of Elon for fear of artificial intelligence, which Musk says can pose a threat to mankind. Conversely, Elon has encouraged people to get rid of their Facebook account by calling the social media platform “useless”.

Musk also deleted the official Facebook accounts of Tesla and SpaceX.

Whether two men will ever become friends is unknown.

Sincerely: Elon Musk | Twitter

Musk has moved to the top spot of the billionaires list, but he is still far from Amazon CEO Jeff Bezos, with a net worth of about $ 200 billion. Tesla’s rise in value on Wall Street has added money to Elon’s pocket, but physical wealth is not important to him. He made it clear earlier this year after selling his house.

“No need for cash” Musk said When someone asked if he needed the money. “Dedicating yourself to Mars and Earth.” Possession is just what you should weigh. ”