Elon Musk eclipses Bill Gates to become the world’s second richest person - The Fact Factory

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Tuesday, 24 November 2020

Elon Musk eclipses Bill Gates to become the world’s second richest person


Elon Musk is now worth more than $128 billion, making him the second richest person in the world behind Amazon bald-king Jeff Bezos. Tesla’s chief exec barely eclipsed Microsoft’s Bill Gates to claim the number two position overnight, according to Bloomberg’s Billionaire Index. Mostly, Musk’s gains can be attributed to Tesla‘s rampaging share price. Musk owns around 20% of all Tesla shares, meaning that when Tesla stock pumps, so does his paper fortune. Indeed, the enigmatic billionaire has added over $100 billion to his on-paper net worth in 2020, during which time Tesla stock absurdly returned more than 500%. [Read: Why this…

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