Elon Musk Beats Bill Gates to Become World’s Second Richest Person

Elon Musk beats Bill Gates to become the world’s second-richest person after his net worth rose to $100 Billion in a year. His fortune has sky-rocketed after the increase in Tesla’s stock, which has increased by 500% so far this year. He was on 35th number on the Bloomberg Billionaire Index. The wealth of Elon Musk soared after his company Tesla was selected to join S&P 500. After entering the S&P, which is a stock market index, and measure the top 500 companies’ performance listed on the US Stock Exchange, the company’s shares has been soared.

Elon Musk Beats Bill Gates to Become World's Second Richest PersonImage Credit: Daily Mirror

Elon Musk’s – Second Richest Person in World

Elon Musk has finally beat Bill Gates, who was relishing to be the richest person globally. Bill Gates is now ranking at number 3rd. However, the CEO and founder of Amazon, Jeff Bezos, is still on the top and has a $185 Billion net worth. According to experts, Elon’s wealth is soaring; the world hasn’t witnessed such immense growth in a short span of time. In recent years, Elon hasn’t only increased his wealth but moved ahead by becoming one of the most influential entrepreneurs. Moreover, by collaborating with other firms, Elon is working on space science and ensuring to provide electric cars to save the environment from pollution. The truth is the South African born has scooped great wealth for himself. 

Elon Musk Beats Bill Gates to Become World’s Second Richest Person

The year of dizzying ascents for Elon Musk has hit a new zenith as he overtakes Bill Gates by becoming the second-richest person in the world. Elon is chasing Jeff Bezos, and we would have to wait for the time when he will surpass the world’s richest person Jeff Bezos. According to Bloomberg, the net worth of 49-year-old increased from $7.2 billion to $127.9 billion after a surge in Tesla’s share price. Elon owns 20% shares in the electric car making company Tesla. The year 2020 has proved to be one of the most wildly successful years for Elon. The shares of SpaceX has also soared as Musk has sent four astronauts into space earlier this month.

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