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In one day Elon Musk got 7 billion richer, now he’s richer than Bill Gates
Things are looking up with Elon Musk. Image: keystone
The US electric car maker Tesla’s rally on the stock market is causing the assets of company chief Elon Musk to continue to rise. According to the “Bloomberg Billionaires Index” ranking of billionaires, the 49-year-old star businessman surpassed Microsoft co-founder Bill Gates on Monday and is now the second richest person in the world.
Thanks to the sharp rise in Tesla’s share price by 6.5 percent, Musk’s assets jumped by 7.2 billion to $ 127.9 billion (approximately 117 billion Swiss francs) in a single day. Since the beginning of the year, it has already grown to a whopping $ 100.3 billion.
Gates recently hit $ 127.7 billion on Bloomberg’s super-rich lists. Your fortune would be significantly higher if you didn’t donate that much money. At the top of the billionaires list remains the undisputed Amazon boss Jeff Bezos, whose fortune is estimated at $ 182 billion by the “Bloomberg Billionaires Index.”
Highly dependent on stock prices
As the main shareholders of their companies, Musk and Bezos benefit above all from their strong price performance on the stock market. Tesla’s stake has risen 675 percent in the last twelve months. With a market value of almost $ 500 billion, the group is by far the world’s highest-traded automaker, despite relatively low production numbers and modest profits.
Billionaire charts, such as the Bloomberg Billionaires Index or Forbes lists, are only estimates based on publicly available information about assets such as stocks, real estate, artwork, and other luxury items. On Forbes’ list of billionaires, Musk is fourth with a fortune of $ 110.5 billion. (sda / dpa)
