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Tesla CEO, Elon Musk’s has overtaken the co-founder of Microsoft, Bill Gates to become world’s second richest man.
According to the Blomberg Billionaire Index, Elon’s net worth hit a high on Monday as share prices continued its surge from $7.2 billion to $127.9 billion and with the company’s inclusion in the S&P 500 index raising stock value close to $500Billion.
Meanwhile, Gates stocks also moved from $67.3 billion to $127.7 billion which puts him in the third spot.
Back in 2006, Musk re-emphasized that his goal was to;
”Build sports car. Use that money to build an affordable car. Use that money to build an even more affordable car. While doing above, also provide zero-emission electric power generation options.”
Musk also predicted that self-driving Teslas which are still a work in progress would be a game-changer in the automobile industry, and in July 2020, his company’s market capitalization surpassed Toyota’s for the first time.
Gates on the other hand has given as much as $45.5 billion to charitable causes, including the eponymously named Bill & Melinda Gates Foundation which would have made him an even bigger billionaire.
Musk and Gates have had a somewhat challenging year with the business moguls having different views on important issues.
In a blog post early August, Gates referred to electric cars “never be a practical solution” for replacing trucks and long-haul vehicles, while Musk’s replied to him via his Twitter handle saying that “he has no clue” about electric trucks.
Musk has further gone on to call Gates a “knucklehead” for criticizing his efforts on conducting coronavirus antibody studies.
Musk’s net worth is not solely down to a large stake in Tesla, but also to his other companies, space exploration group SpaceX, and infrastructure and construction firm The Boring Company.
The UN Security Council on Tuesday was due to hold its first meeting on the conflict in Ethiopia’s dissident Tigray region amid division between European and African members over whether […]
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