Elon Musk becomes the world’s 2nd RICHEST

Elon Musk, the founder, CEO, CTO and chief designer of SpaceX has climbed up the charts of the world’s richest.

The Tesla CEO’s net worth soared on Monday as shares of his electric automaker hit a record high, boosting his net worth to USD$ 127.9 billion, according to Bloomberg Billionaires index.

For a couple of hours that put him slightly above Bill Gates, the co-founder of Microsoft and world’s second-richest person, who was estimated to be worth $127.7 billion. The latest readout from the Bloomberg index has the men tied on $128 billion each.

Musk’s fortunes are directly linked to those of Tesla. His biggest asset is the company’s stock, of which he last owned about 20%, according to Bloomberg.

This year so far Tesla’s stock has shot up almost 524%, helping Musk add more than an estimated $100 billion to his wealth. That’s more than anyone on Bloomberg’s global rich list.

Gates would likely be an even bigger billionaire if it weren’t for his philanthropy. Years ago, he and his wife, Melinda Gates, famously pledged to donate most of their wealth to charity.

Amazon CEO Jeff Bezos is currently the world’s richest person, with an estimated net worth of $182 billion.

Bloomberg Billionaires Index as of November 24, 2020