Elon Musk, founder of the most sought automaker company, Tesla, has just hit a new apex by surpassing Microsoft founder, Bill Gates to become world’s second-richest person.
According to a Bloomberg report, Musk has accumulated an impressive $127.9bn (£95.8bn) to his name which saw him take the new title.
Data shows that the 49-year-old whiz entrepreneur net worth is driven by yet another surge in Tesla’s share price.
Some days ago, the space engineer was $8billion (£6bn) away from outgrowing the Microsoft co-founder’s wealth. The percentage rise in Tesla’s shares has now changed everything.
It gave Musk the $7.2bn bumper he needed to become the second richest man, according to the Bloomberg Billionaires Index.
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The entrepreneur, who recently welcomed a son with his partner, is the CEO of Tesla, a maker of electric vehicles – a California-based company sells electric vehicles.
Musk is also the CEO of Space Exploration Technologies, a rocket manufacturer tapped by NASA to resupply the space station.
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The business magnate is affiliated to several other businesses especially in technology industry.
His wealth gain is largely attributed to Tesla, the electric car automaker, which has gained 500% in 2020 and has become by far the world’s most valuable automaker in the world, despite it producing far less than Volkswagen, Toyota, or General Motors.
About a fifth of the car company’s shares is owned by its Chief Executive, Elon Musk, and other insiders.
Musk, who has gained $100.3 billion to his net worth just in 2020, is now behind Amazon boss, Jeff Bezos who is the richest man in the world with $182bn (£136bn).
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The top ten richest people in the world are: Jeff Bezos ($182B), Elon Musk ($128B), Bill Gates ($128B), Bernard Arnault ($105B), Mark Zuckerberg ($102B), Warren Buffett ($86.8B), Larry Page( $81.3B -$323M), Sergey Brin ($78.7B -$310M), Steve Ballmer ($76.1B), and Mukesh Ambani ($74.0B).
