Elon Musk is presently associated with Bill Gates as the world’s second-richest man

Elon Musk’s rocket-like move up the ranking of the world’s richest men proceeds.

The Tesla (TSLA) CEO’s net worth took off on Monday as shares of his electric automaker hit a record high, boosting his net worth to $127.9 billion, as indicated by the Bloomberg Billionaires index, which tracks the world’s 500 wealthiest individuals.

For a few hours that put him marginally above Bill Gates, the co-founder of Microsoft (MSFT) and world’s second-richest individual, who was assessed to be worth $127.7 billion. The most recent readout from the Bloomberg index has the men tied on $128 billion each.

Musk’s fortunes are straightforwardly connected to those of Tesla. His greatest resource is the organization’s stock, of which he last owned about 20%, as indicated by Bloomberg.

This year has been awesome for the entrepreneur. So far in 2020, Tesla’s stock has shot up almost 524%, helping Musk add more than an expected $100 billion to his riches. That is more than anybody on Bloomberg’s global rich list, the source announced.

Gates would almost certainly be a significantly greater billionaire if not for his philanthropy. Quite a while back, he and his wife, Melinda Gates, broadly swore to give the majority of their wealth to charity. Amazon (AMZN) CEO Jeff Bezos is at present the world’s richest individual, with an estimated net worth of $182 billion.

Outside of Tesla, Musk manages SpaceX, the space investigation firm that recently commenced a milestone mission with NASA. He’s additionally a dad of six and chairman of the Musk Foundation, an association that supports research into renewable energy, pediatrics and people in space.

Some believe there’s still space to run with his organization’s stock. A week ago, Tesla was acknowledged into the S&P 500, scoring another achievement. It will join the record one month from now.

Furthermore, Tesla stock hopped 6.6% on Monday alone, shutting at an unsurpassed high of $521.9 per share.

Musk himself gave off an impression of being similarly as amazed as any other individual. At the point when a Twitter client brought up the stock proceed onward Monday, he reacted with only single word: “Wow.”

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