Elon Musk's year of dizzying ascents hit a new apex on Monday as the Tesla co-founder passed Bill Gates to become the world's second-richest person.
The 49-year-old entrepreneur's net worth soared $US7.2 billion to $US127.9 billion , driven by yet another surge in Tesla's share price. Musk has added $US100.3 billion to his net worth this year, the most of anyone on the Bloomberg Billionaires Index, a ranking of the world's 500 richest people. In January he ranked 35th.His advance up the wealth ranks has been driven largely by Tesla, whose market value is approaching $US500 billion.
With Monday's move, Musk unseats an occasional verbal sparring partner in Gates, who the Tesla billionaire has ridiculed on Twitter for, among other things, having "no clue" about electric trucks. The two have also traded barbs over COVID-19. Gates, whose charitable foundation is one of the preeminent bodies backing vaccine research, has expressed concern over Musk's stated suspicion of pandemic data and embrace of certain conspiracy theories.
The year has been a lucrative one for the world's richest people. Despite the pandemic and widespread layoffs that have disproportionately affected the world's working class and poor, the members of the Bloomberg index have collectively gained 23 per cent - or $US1.3 trillion - since the year began.A concise wrap of the day on the markets, breaking business news and expert opinion delivered to your inbox each afternoon.
Bill Gates think he will continue being the 'windows lord' after make deals with China. The thing is, he doesn't know China is about to take his company by the nuts. Don't tell him is a surprise.
Quick Bill, get that vaccine out there!
I guess he will shortly overtake me too!
No fan of Bill Gates, but he did create a profitable company. Now the richest two men in the world run companies which hardly turn a profit.
Tesla's market cap is now $50 billion higher than Walmart. Sales... Tesla: $28 billion Walmart: $549 billion Net Income... Tesla: $556 million Walmart: $20 billion. 👀👀👀👀
Who's no.1?
Did he sign up to the giving pledge?
The sickness continues.
mrelliop guy's on a mission this week
I’m sure bill won’t lose any sleep over that 🤔🤔
Yay!...wait what?
Is that before or after Vladimir Putin?
I wonder if he will become ‘minime’?
Yeah, but on Mars.
Maybe he can get better cheek implants with the money
somebody's gotta do it
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