Elon Musk overtakes Bill Gates to become world's second-richest person

Tesla has done him wonders, hasn't it!

7w ago

Elon Musk has just become the world's second-richest person by overtaking Bill Gates to gain the spot. This comes just after a week since he passed Mark Zuckerburg at the number three spot.

This rise in wealth has come due to Tesla shares surging yet again. They have risen by $7.2bn (£5.4bn) to reach an all time high of £127.9bn. Not only this, but the stock has grown by more than $100bn this year alone which is pretty impressive considering the year we've had.

Just to put that into perspective, Musk was the 35th richest person in the world in January and is now second just behind Amazon boss, Jeff Bezos.

Tesla has the highest market value of any car company, and this comes as no surprise when you find out they shift around 500,000 units a year which for a 'new' company is pretty insane.

Tesla is constantly expanding, and so is its stock by the looks of things. But as well as this, Musk is involved in SpaceX, which just last week sent four astronauts into space with more launches on the way. Including, 60 broadband internet satellites.

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Comments (57)

  • Whether you like him or not,he deserves it.

      1 month ago
    • That's true. Not a fan but my hat goes down for his business ventures.

        1 month ago
    • yup,i don't believe in people being as rich as many countries,but some people are exceptions

        1 month ago
  • I wouldn't buy a Tesla, but his innovation has led the EV industry, not only in the cars, but in battery technology. His advances in technology have made it easier for many other manufacturers to get into the EV market. Now we just need chargers on every corner.

      1 month ago
    • I agree...regardless of what happens to Tesla, i think 100 years from now Elon will be known as the guy who kicked off the EV revolution.

        1 month ago
    • Electric cars have been going for years, some of the first cars ever made were electric, he has just popularised it given the dependency on fossil fuels. It will be interesting to see how he manages the future of Tesla into the future. Might be...

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        1 month ago
  • Can’t argue with his strategy, it’s got him to No2 and nobody could hate that.

    The challenge is keeping himself there when the industry catches up. That will be the true test.

      1 month ago
  • #savepetrol

      1 month ago
  • Don’t like Tesla a whole lot but he’s at least self made. He’s not the only one who benefitted today, the Dow hit 30,000!

      1 month ago