Elon Musk passes Bill Gates to become the second-richest person

Syed Umarullah HussainiWeb Editor

24th Nov, 2020. 10:33 am
elon musk

Tesla Co-founder Elon Musk has added more than $100 billion to his net worth this year and has passed Bill Gates as the world’s second-richest person.

According to the details, Elon Musk’s year of dizzying ascents and jagged peaks hit a new apex as he over took Bill Gates to grab world’s second-richest ranking.

49y-old’s net worth soared $7.2bn on Mon to $127.9bn, driven by another surge in Tesla’s shares. Musk has added $100bn to his worth.
His rise on the index from the 35th-richest person in January is attributed to his technology companu Tesla, which is nearing $500 billion in market value.

About three-fourths of Elon Musk’s net worth is made up of Tesla shares. Musk remains behind Amazon founder Jeff Bezos, who sits at about $182 billion in net worth.

Moreover, according to the media reports, Bill Gates who is currently valued at $127.7 billion, donated billions to the charity including $27 billion to the Gates Foundation since 2006. In addition to this, Microsoft’s co-founder spent lots of money on COVID-19 vaccine research this year.


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