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Elon Musk’s year of breakneck promotions reached a new peak on November 23 when the Tesla Inc co-founder surpassed Bill Gates to become the world’s second-richest person.
The 49-year-old businessman’s net worth skyrocketed by US $ 7.2 billion (RM29.45 billion) to US $ 127.9 billion (RM523.17 billion), fueled by another surge in Tesla’s share price. Musk has added US $ 100.3 billion (RM410.28 billion) to his net worth this year, the most of all in the Bloomberg Billionaires Index, a ranking of the 500 richest people in the world. In January it ranked 35th.
Its advancement through the ranks of wealth has been largely driven by Tesla, whose market value is approaching $ 500 billion (RM 2.05 trillion). About three-quarters of his net worth is made up of Tesla shares, which are valued more than four times more than his stake in Space Exploration Technologies Corp, or SpaceX.
Musk’s milestone marks only the second time in the index’s eight-year history that Microsoft Corp co-founder Gates has slipped below number two. He ranked first for years before being overtaken by Amazon.com Inc founder Jeff Bezos in 2017. Gates’ net worth of $ 127.7 billion ($ 522.36 billion) would be much higher if he didn’t. I would have donated so prodigiously to charities over the years. He has donated more than US $ 27 billion (RM110.44 billion) to the foundation that bears his name since 2006.
With the November 23 move, Musk unseats an occasional verbal sparring partner in Gates, whom the Tesla billionaire has ridiculed on Twitter for, among other things, “not having a clue” about electric trucks. The two have also traded picks about Covid-19. Gates, whose charitable foundation is one of the preeminent bodies supporting vaccine research, has raised concerns about Musk’s stated suspicion of the pandemic data and acceptance of certain conspiracy theories.
The year has been a lucrative one for the richest people in the world. Despite the pandemic and widespread layoffs that have disproportionately affected the world’s working class and poor, members of the Bloomberg index have collectively gained 23%, or US $ 1.3 trillion (RM5.32 trillion). ), since the beginning of the year. – Bloomberg
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