Elon Musk Overtakes Bill Gates, Becomes 2nd Richest Person In World

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Elon Musk has become the second richest in the world with an asset about $127.9bn.

The billionaire entrepreneur added $100.3 net worth this year, surpassing Bill Gates become the 2nd richest person in the world, according Bloomberg Billionaires Index.

The 49-year-old entrepreneur’s net worth rose $7.2bn $127.9bn, all thanks a further surge in Tesla’s share . It has soared by more than $100bn this year.

Musk who in 35th place in January on the Bloomberg Billionaires Index has outranked everyone else on the world’s 500 richest people list.

The electric car chief is now ranked immediately behind Amazon boss Jeff Bezos.

Tesla’s have surged since the selected join the S&P 500 index leading companies a week ago, driving its value close to $500bn. Three-quarters Musk’s net worth comes Tesla .

If Tesla’s share growth continues, Musk could net a bonus deal worth a record $55.8bn. To trigger the maximum payout he has to build Tesla into a $650bn by 2028.

Gates, who co-founded Microsoft, the world’s richest person for years before being knocked off the top slot by Bezos in 2017. Gates’s fortune is worth $127.7bn but would be higher had he donated big sums to charity over the years.

He has given more than $50bn to help fight diseases and poverty, mainly through the Bill and Melinda Gates , which has also backed the development of Covid-19 vaccines.