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        <title><![CDATA[Elon Musk passes Mark Zuckerberg to become world’s third-richest man]]></title>
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            <media:title type="html">Elon Musk passes Mark Zuckerberg to become world’s third-richest man</media:title>
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        <content:encoded><![CDATA[<p>Mark Zuckerberg&#8217;s reign as the third-richest man on Earth didn&#8217;t last long.</p><p>The Facebook CEO lost his grip on the No. 3 spot this week after Tesla boss Elon Musk&#8217;s wealth soared to new heights, capping a rally that has seen him add a staggering $87.8 billion to his fortune this year.</p><p>Musk — worth $115.4 billion — now trails only Amazon CEO Jeff Bezos and Microsoft&#8217;s Bill Gates in the wealth rankings. Bezos&#8217; net worth r<strong>ecently topped $200 billion</strong>, while Gates is worth $124.8 billion, according to the Bloomberg Billionaires Index.</p><p>Zuckerberg, who recently became a centabillionaire, is worth $110.8 billion.</p><p>Musk has seen his fortune grow more than anyone else this year, narrowly beating out Bezos, whose own net worth is up $87.6 billion as stuck-at-home consumers have turned to Amazon for all their shopping needs.</p><p>Tesla&#8217;s shares have been on a dizzying rally this year that has seen the company&#8217;s market cap more than quadruple.</p><p>The electric automaker on Monday underwent a 5-for-1 stock split, sending its share price up more than 12 percent. Tesla&#8217;s market cap now sits at $457.4 billion.</p><p>Tesla <strong>became the world’s most valuable carmaker</strong> by market capitalization when it overtook former front-runner Toyota on July 1. The company now accounts for more than 40 percent of the total market cap of a group of 12 of the world’s largest automakers.</p>]]></content:encoded>
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