Tesla and SpaceX CEO Elon Musk is now officially ranked the world’s second-richest man, overtaking Microsoft’s Bill Gates. Musk’s net worth skyrocketed when Tesla’s share climbed to 6.5% on Tuesday.
The surge gave Musk’s net worth a boost to $7.2 billion, adding to the $127.9 billion marks passing Gates’ worth of $127.7 billion which previously positioned Microsoft’s CEO as second’s world’s richest person. Amazon’s Jeff Bezos remains the world’s richest person with a net worth of $182 billion.
Musk’s net worth exponentially grew to $100.3 billion just this year. Most of Musk’s wealth is tied to Tesla in which 75% of stocks are his, making Tesla four times valuable than SpaceX. Previously, Musk ranked just 35th when this year opened. It is an amazing feat for Tesla’s CEO to achieved especially this year when most companies struggled and faced a mountain of challenges.
It is public knowledge that Musk and Gates had a few bitter exchanged over Twitter. Gates was quite “verbal with his position on electric trucks and Musk’s stance on the pandemic. Ofcourse Musk hit back saying Gates “has no clue” about his vehicles.
To some analysts, Musk’s newest title as the world’s second-richest man is no longer surprising as Tesla’s stock recently rose over 520%. Tesla has seen five profitable quarters for the company and is predicted to increase sales in the last quarter of the year with its addition of S&P 500.