Elon Musk Adds $100 Billion To Wealth, Topples Bill Gates As 2nd Richest

Tuesday, 24 November 2020Newsdesk

Elon Musk's year of dizzying ascents hit a new apex Monday as the Tesla Inc. co-founder passed Bill Gates to become the world's second-richest person.

New Delhi, 24 November2020

As per news report of NDTV, the 49-year-old entrepreneur's net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla's share price. Musk has added $100.3 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 $500 billion. About three-quarters of his net worth is comprised of Tesla shares, which are valued more than four times as much as his stake in Space Exploration Technologies Corp., or SpaceX.

Source -NDTV