Founder of Taslsa and PayPal passes founder of Facebook to become the world’s third billionaire. Just few ago, the multi billion dollar car maker owner reached the centibillionaire club, joining world billionaires club.

Elon Musk who’s just 49year old has seen an increment in his wealth of $87.8 billion this year alone. He has  become the world’s third richest, amassing an estimated fortune of $115.4billion. Tesla shares went up by %500 on the stock market, making him topping founder of giant media company, Facebook’s boss.

Founder of Microsoft,  Bill Gates still holds position as the world’s second richest with $125billion with founder of Amazon, Jeff Bezos still topping the world’s billionaires chat amassing over $200billion. Mark Zuckerberg’s is worth $110.8 at a moment.

Elon Musk was a able to top Facebook boss after Tesla’s 5-1 stock split, meaning a share was split into five with no change to total value of investors holdings, which automatically lowers the company’s share price. This made it possible for smaller groups and individual investors to purchase.

This strategy has made it possible for more people to purchase the Tesla’s shares.

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Forbes magazine has it that Jeff Bezos is now worth $200billion, making him the only person to be able to reach that 200 billion dollar status.

The magazine revealed early Wednesday that Jeff Bezos was able to cross “a milestone previously unseen in the nearly four decades Forbes has been tracking net worths, with Amazon stock ending up 2% as of Wednesday afternoon” the magazine explained.

The magazine detailed that, as of 1:50pm EDT, Jeff Bezos who doubles as the founder and CEO of Amazon is worth $204.6billion, an amount second richest person, Bill Gates never come close.  Bill’s worth is currently valued at $116.1billion which means there’s that huge gap of nearly $90 billion. In other words,  Jeff is $90 billion dollars richer than the second world’s richest wow isn’t that amazing?

Jeff Bezos’s net worth went up by $4.9 billion. He’s only 56years and the very first man on earth to reach that $200 billion fortune. We say congratulations

Source: Forbes

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Founder of Facebook, Mark Zuckerberg has joined Jeff Bezos and Bill Gates after his net worth passes a 100 billion dollar mark. His net worth shoots up after he announced new video sharing app on Instagram.

The app was launched by the giant social media company to counter Chinese video sharing app TikTok. Despite the launch of the rival app, a feature on Instagram,  Mark said he was concern about the potential ban of TikTok by Trumps administration. “I just think it’s a really bad long term precedent and that, it needs to be handled with the utmost care and gravity whatever the situation is” he told Buzzfeed.

Mark Zuckerberg who is 36 years of age has 13 thirteen percent stake of his company. Shares of the company went 6 percent up after the launch, making him hit a 100 billion dollar mark which makes him a centibillionaire after the announcement. The launch for Instagram Reels came a day before President of the United States, Donald Trump revealed he had signed executive order to deal with the “threat” of TikTok which has over 80 million Americans on the video sharing app platform.

According to Mr. Trump, mother company for TikTok, ByteDance will be banned from using the app in America. Trump says this move is in quest to protect the privacy of U.S citizens.

Congrats to Mark Zuckerberg

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