Musk has overtaken Zuckerberg to become the world’s third-richest man.

Elon Musk, Tesla’s chief executive, finished third in the Bloomberg Billionaires’ Index after Tesla implemented a stock split plan and surged on Monday, with a net worth of $115 billion as of the close of trading on August 31, according to foreign news agency CNET. The Tesla and SpaceX founder is now worth more than Facebook co-founder Mark Zuckerberg, who is worth about $111 billion.

Musk has overtaken Zuckerberg to become the world's third-richest man.

Bill Gates, Microsoft’s co-founder in second place, has more than $10 billion more than Musk. Jeff Bezos, Amazon’s founder and chief executive, remains at the top of the list with a net worth of $202bn.

The jump came nearly two weeks after Musk moved into fourth place in the index. Tesla’s shares are up nearly 480 percent so far this year and the company is now valued at more than $450 billion. Tesla shares jumped 12.5 percent at monday’s close after the company split its stock by a 1:5 ratio.

Tesla shares fell just over 2 percent to $487.24 in in-market trading Tuesday.