Sorry, Mark Zuckerberg, you’re no longer the third-richest person in the world.
After a rise from Tesla’s stock split on Monday, Elon Musk claimed the third spot on Bloomberg’s Billionaires Index with a net worth of $115 billion as of market close on Aug. 31. The Tesla and SpaceX founder now has a $4 billion lead on Zuckerberg’s $111 billion net worth and trails Bill Gates for second place by $10 billion.
The jump comes nearly two weeks. Tesla stock is up nearly 480% year-to-date and now holds a market cap of over $450 billion. The stock jumped 12.5% following the five-for-one stock split that brought the share price down from around $2,200 last week.
Shares of Tesla were down just over 2%, to $487.24, in intraday trading Tuesday.