He is already the second richest man in the world

November 24, 2020
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The increase in the value of the shares of the high-end electric car firm Tesla , caused its CEO Elon Musk to become the second richest man in the world, supplanting the co-founder of Microsoft , Bill Gates .

According to the Bloomberg Billionaires Index , the 6.58% rise in Tesla’s shares brought Musk’s fortune to $ 127.9 billion.

It is possible that Musk will increase his fortune substantially since Tesla will be included in the S&P 500 stock index from December 21, 2020 and the shares of the automaker represent about three-quarters of the businessman’s assets.

Still, Musk is still behind Amazon founder Jeff Bezos , who is worth $ 182 billion.

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^{Image: AP Photo / Jae C. Hong via BI}

Musk started the year 2020 being the 35th. richest person in the world, but now surpassed Bill Gates who “only” has a fortune of 127.700 million dollars.

It should be noted that it is not the first time that Gates is not the second richest man in the world and in fact he would have a much greater fortune than he owns today if he had not donated 26,000 million dollars to the Bill and Melinda Gates Foundation since 2006 .

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Lena Khalid is a Digital Reputation & Visibility Consultant who helps businesses strengthen their online presence through strategic websites, SEO, content marketing, social media, and AI-powered visibility solutions.

Learn more at LMWS.asia.