Elon Musk passes Bill Gates to become second-richest man in the world

by Peter Heck · Nov 24th, 2020 11:00 am
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Last Updated Nov 25th, 2020 at 3:29 pm

Following another surge in the share price of Tesla, the company's co-founder Elon Musk has rocketed past Microsoft's Bill Gates to become the second richest person in the world. With a net worth now standing at $127.9 billion, only Amazon's Jeff Bezos is wealthier than Musk.

Though the entrepreneur holds a significant stake in the rocket exploration company SpaceX, almost 75% of his net worth comes from Tesla.

It is notable that Gates's $127.7 billion worth would be considerably higher had he not given more than $27 billion to charity since 2006.


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