Tesla co-founder Elon Musk on Monday took over Bill Gates to become the second-richest person in the world as his net worth soared another $7.2 billion to $127.9 billion. His wealth is largely driven by Tesla, which has a market value approaching $500 billion
The 49-year-old entrepreneur has added more than $100 billion to his net worth since January this year making him one of the fastest-growing among the world’s 500 richest people. He began the year by ranking 35th on the Bloomberg Billionaire Index.
The increase in Musk’s wealth places him second to Jeff Bezos, who is currently the world’s richest person with a net worth of $182 billion.
Musk and Gates have already had a conflicting year as they have repeatedly disagreed over everything from the coronavirus to electric cars . The public differences began when Gates said even though he thought Tesla has helped drive electric-car innovation, he bought one from Porsche. Separately, Musk even called Gates a “knucklehead” for criticizing his efforts on conducting coronavirus antibody studies.
About three-quarters of his net worth consists of only Tesla shares, valued more than four times as much as his stake in Space Exploration Technologies Corp., better known as SpaceX, the Bloomberg report stated.
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