Technology Tesla boss Elon Musk becomes second richest man in the world, behind Amazon firm’s Jeff Bezos

Tesla boss Elon Musk becomes second richest man in the world, behind Amazon firm’s Jeff Bezos

For the only day of Monday, November 23, the fortune of Elon Musk grew by $ 7.24 billion. The boss of electric vehicle maker Tesla and space firm SpaceX passed Bill Gates to become the second richest man in the world, according to Bloomberg’s ranking of billionaires, published Tuesday, November 24.

The fortune of the 49-year-old South African-born entrepreneur has now reached $ 128 billion.

The ultra-media leader had already passed in a few weeks in front of Mark Zuckerberg, the leader of Facebook, and Bernard Arnault, the boss of the luxury group LVMH. On the podium of multi-billionaires, he is only behind Jeff Bezos, the founder of the e-commerce giant Amazon, whose fortune is estimated at 182 billion dollars. Bill Gates rounds out the top three with a fortune valued at $ 127.7 billion. The former Microsoft co-founder has seen his fortune melt away because he devotes a good part of it to the Bill and Melinda Gates Foundation.

According to Bloomberg, the richest have seen their cumulative fortunes grow by $ 1.3 trillion since January, up 23%, as the coronavirus pandemic slows the global economy and led to processions of layoffs and a wave of corporate bankruptcies in the United States.

Elon Musk’s meteoric rise in the Big Fortune rankings is linked to Tesla’s soaring title on Wall Street, which has gained more than 500% since the start of the year and is now worth $ 495 billion there. . This allowed him to earn $ 100 billion over the same period, when he owns around 18% of the company. His action has also been boosted in recent weeks by the election to the presidency of the United States of Joe Biden, who has promised to promote the development of electric vehicles in the country, and by the announcement of the group’s next entry. in the prestigious S&P 500 index.

Being part of it will allow Tesla’s share to be systematically included in many financial products that automatically follow its fluctuations, ETFs, which should give it even more scope.

Leave a Reply

Your email address will not be published. Required fields are marked *