Elon Musk overtakes Bill Gates to become world’s second richest person behind Jeff Bezos

Tesla and Space X company CEO Elon Musk has become the second richest person in the world, surpassing Microsoft co-founder Bill Gates. The 49-year-old Musk’s total assets have increased from $ 7.2 billion to $ 127.9 billion this year. This increase in Musk’s assets is due to another surge in his company’s Tesla shares. Thus
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Elon Musk overtakes Bill Gates to become world’s second richest person behind Jeff Bezos

Tesla and Space X company CEO Elon Musk has become the second richest person in the world, surpassing Microsoft co-founder Bill Gates. The 49-year-old Musk’s total assets have increased from $ 7.2 billion to $ 127.9 billion this year.

This increase in Musk’s assets is due to another surge in his company’s Tesla shares. Thus Musk has increased his wealth by a total of $ 100.3 billion this year. According to the Bloomberg Billionaires Index, they have increased their wealth the most this year. The 500 richest people are included in this ranking. Elon Musk was 35th in January this year. The major reason behind the rise in Musk’s wealth is the increase in the market share of his company Tesla.

His company’s market share has increased to $ 500 billion. This achievement by Musk marks the second time in eight-year history that Microsoft co-founders have slipped from second place in the list of world’s richest people. Bill Gates topped the list for many years before Amazon CEO Jeff Bezos topped it.

Gates has total assets of $ 127.7 billion. His wealth would have been much more if he had not generously donated his wealth over the years. Since 2006, he has donated $ 27 billion to the Foundation named after him. On Saturday, Jeff Bezos was the number one nation with $ 183 billion in assets, according to the Bloomberg Billionaire Index.

Bill Gates was second with $ 128 billion, where now Elon Musk has come. Bernard Arnold is at number four on the list with $ 105 billion. Facebook CEO Mark Zuckerberg ranks fifth in the ranking with assets of $ 102 billion.