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Elon Musk overtakes Bill Gates to be world’s second-richest person



News Highlights

  • Elon Musk overtook Bill Gates to grab the world’s second-richest ranking.
  • Musk’s net worth surged by over $7.2 Billion on Monday, driven by the second surge in Tesla’s share price.
  • In January Musk was ranked 35th but in a short span of time Tesla’s co-founder overtook other billionaires in the world and secured 2nd richest person ranking.

A week ago Tesla’s co-founder Elon Musk surpassed Facebook’s founder Mark Zuckerberg to be the third richest. And on Monday the tech entrepreneur overtook Bill Gates to be the second-richest.

Billionaire entrepreneur Elon Musk has added $100.3 billion to his net worth this year, surpassing ¬†Bill Gates to become the world’s second-richest person. The 49-year-old Tesla Inc. co-founder has an electric vehicle and cleans energy company to thank for the staggering increase in his wealth. About three-quarters of his net worth is comprised of Tesla shares, which are valued more than four times as much as his stake in Space Exploration Technologies Corp., or SpaceX.

Musk’s net worth surged over $7.2 Billion on November 23, followed by another surge in the Tesla share price as per the Bloomberg Billionaire Index.

In January 2020, Tesla’s co-founder was on 35th rank but because of the rising Tesla share price Musk got successful to surpass the other billionaires in the world.

Musk’s achievement stamps just the second time in the record’s eight-year history that Microsoft Corp. prime supporter Gates has positioned lower than number two. He held the best position for quite a long time prior to being knock by Inc. originator Jeff Bezos in 2017. Entryways’ total assets of $127.7 billion would be a lot higher had he not given so gigantically to noble cause throughout the long term. He has given more than $27 billion to his namesake establishment since 2006.

With Monday’s turn, Musk unseats a periodic verbal competing accomplice in Gates, who the Tesla tycoon has scorned on Twitter for, in addition to other things, having “no piece of information” about electric trucks. The two have likewise exchanged insults over Covid-19. Doors, whose altruistic establishment is one of the transcendent bodies backing immunization research, has communicated worry over Musk’s expressed doubt of pandemic information and grasp of certain paranoid ideas.

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