Elon Musk Overtakes Bill Gates, Becomes World¡¯s Second Richest Person
The Tesla CEOs net worth surged $7.2 billion, taking it all the way up to $127.9 billion, surpassing the Microsoft founder who was sitting at $127.7 billion. This boost came after a 7 percent jump in Tesla stocks.
We¡¯ve been seeing Elon Musk on an upward trajectory this whole year. While businesses around the world are experiencing losses due to the ongoing pandemic, Elon Musk has added over $100 billion dollars to his net worth.
Just last week, we saw him surpass Facebook¡¯s Mark Zuckerberg to become the third richest man in the world, and now he has even surpassed Bill Gates, while claiming the second position.
Reuters
The Tesla CEO's net worth surged $7.2 billion, taking it all the way up to $127.9 billion, surpassing the Microsoft founder who was sitting at $127.7 billion. This boost came after a 7 percent jump in Tesla stocks.
What¡¯s fascinating is that just during the start of the year, Musk was sitting on the 35th position of the Bloomberg Billionaires Index. According to Bloomberg, Musk has added $100.3 billion to his net worth this year.
One of the main reasons behind this spike in net worth is the surge seen on the share prices of Elon¡¯s electric car company. Just this year alone, the Tesla stock prices spiked a whopping 500 percent, while claiming the title of the most valuable carmaker in the world.
This is surprising considering Tesla¡¯s production is not even close to what Japanese carmakers like Toyota and Volkswagen group churn out. The car company also recently got enlisted in the S&P 500, which boosted the share prices and helped Musk take the spot of the third richest man in the world.
Reuters
Several analysts also feel that the gap between Elon Musk and Bill Gates¡¯s net worth isn¡¯t that much and the Microsoft founder could soon reclaim his position. It is also important to note that Gates gas donated over $27 billion of his wealth in philanthropic work through Bill and Melinda Gates Foundation.
As of now, the top 5 richest men in the world include Amazon¡¯s Jeff Bezos at the first spot, Bill Gates at the third spot, Mark Zuckerberg in the fourth spot and luxury billionaire Bernard Arnault on the fifth spot.
