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2020 might have been a bad year for many, but Elon Musk appears to be on track for progress, with the Tesla CEO adding nearly $ 100 billion to his fortune in 2020 and is now the second-richest person in the world, according to the Index. of Bloomberg billionaires. Musk’s net worth is now $ 128 billion, higher than Bill Gates, the founder of Microsoft.
According to the Indian website TOI, at the beginning of the year, Musk was ranked 35th among the richest people in the world. However, the market value of Tesla topped the ceiling this year, which in turn led to an increase in Musk’s net worth, while the value of “Mask” increased. Certainly this is the second time, according to Bloomberg, that the “doors” have fallen below second place.
Gates was the richest man for four years in a row until 2017 when he was overtaken by Jeff Bezos, CEO of Amazon, and Bezos remains the richest man in the world with an estimated net worth of $ 182 billion, and like Musk, he is known not to receive a penny of salary, and he owns “Mask” is an incentive-based compensation structure in which he is paid when Tesla or his other company, SpaceX, achieves certain financial milestones.
A report issued by Fortune had previously calculated the targets Musk needed to meet to achieve massive profits, and according to Fortune, Musk has a 12-level compensation scale and first needs to raise Tesla’s cap to $ 100 billion, which is what Achieved in 2020.
In the past eight years, Tesla and Musk appear to have come a long way, and in 2012, Tesla’s market value was “only” about $ 4 billion, and Tesla shares rose dramatically in 2020 and both. first weeks of the year. 2020, almost 25% more, and Tesla’s estimated market capitalization will soon reach $ 500 billion.
