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Elon Musk overtakes Bill Gates to become world’s second richest person behind Jeff Bezos

Elon Musk overtakes Bill Gates to become world’s second richest person behind Jeff Bezos
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Elon Musk overtakes Bill Gates to become world’s second richest person behind Jeff Bezos

Elon Musk overtakes Invoice Gates to turn out to be world’s second richest particular person behind Jeff Bezos

Elon Musk has handed Microsoft co-founder Invoice Gates to turn out to be the world’s second richest particular person, in keeping with the Bloomberg Billionaires Index. The Tesla CEO’s web value now sits at round $128 billion, after rising by $100 billion this 12 months. There’s a sizable hole between Musk and the primary spot, which is presently held by Amazon CEO Jeff Bezos who has a reported web value of round $182 billion. In January, Musk ranked thirty fifth on the record, Bloomberg experiences.

For an thought of how the wealth of those males compares to the common American family, try this superb information visualization produced earlier this 12 months by which each pixel represents $1,000.

Musk’s fast ascent up the record has primarily been pushed by Tesla’s share worth. The automotive firm presently has a market cap of just about $500 billion, after beginning the 12 months at underneath $100 billion. The Guardian experiences that Tesla has the very best market cap of any automotive firm on the earth, regardless of producing a fraction of the automobiles of extra established automakers. This 12 months it expects to supply 500,000 automobiles, in comparison with round 10 million for an organization like Toyota. Round three quarters of Musk’s web value consists of Tesla shares, in keeping with Bloomberg.

Musk’s different main enterprise, SpaceX, has additionally seen current success. Final week the corporate transported 4 astronauts to the Worldwide House Station aboard its Crew Dragon spacecraft. It follows the corporate’s first crewed flight to house in Could this 12 months.

Invoice Gates sat atop the Billionaires Index for years till he was overtaken by Jeff Bezos in 2017. Bloomberg notes that Gates would most likely have the next web wealth proper now if he hadn’t given a lot cash to charity, together with the over $27 billion he’s donated via the Invoice & Melinda Gates Basis since 2006.

Gates and Musk have had some high-profile disagreements this 12 months. In September, Musk stated Gates had “no clue” concerning the viability of electrical vans, after the Microsoft co-founder stated that electrical semi-trucks, together with electrical cargo ships and passenger jets, will “most likely by no means” be sensible. Earlier this 12 months Gates advised CNBC that Musk ought to keep away from making massive predictions about areas he’s not conversant in, after the Tesla CEO downplayed the danger of the COVID-19 pandemic.

Musk overtook Fb CEO Mark Zuckerberg final week when he grew to become the third-richest particular person on the Billionaires Index. Zuckerberg has since fallen to fifth within the rankings after he was overtaken by French businessman Bernard Arnault.


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