Thread by @BiIndia

.@ElonMusk is officially richer than #MarkZuckerberg after @Tesla's addition to the S&P 500 sends its stock price soaring

#teslastock #ElonMusk

businessinsider.in/thelife/news/e…

@elonmusk @Tesla News of @Tesla's addition to the S&P 500 index sent shares of the automaker soaring on Tuesday, helping further cement chief executive @elonmusk as one of the richest people in the world.

#ElonMusk #teslastock

@elonmusk @Tesla .@elonmusk gained another $12 billion in wealth overnight Tuesday after the announcement of #Tesla's addition to the S&P 500 sent shares surging.

The billionaire takes no salary from his automaker, but owns a majority of its equity.

#ElonMusk #teslastock

@elonmusk @Tesla .@elonmusk has now eclipsed #Facebook founder #MarkZuckerberg to take third place in the global wealth ranking, Bloomberg reported.

#ElonMusk #teslastock

@elonmusk @Tesla The gains don't necessarily mean Musk, whose riches are largely tied to massive stakes in @Tesla and other private ventures like @SpaceX and @boringcompany, has any new spending power.

#ElonMusk #teslastock

@elonmusk @Tesla @SpaceX @boringcompany The billionaire has said publicly that he maintains a "cash poor" lifestyle, and has mortgaged many of his Los Angeles-area mansions.

#ElonMusk #teslastock

@elonmusk @Tesla @SpaceX @boringcompany .@Tesla will officially join the benchmark S&P 500 index in December, and how it may actually get there is just as complicated as Musk's wealth.

#ElonMusk #teslastock