Elon Musk and Bill Gates Tied for Title of World’s Second Richest Man.
On Monday, Elon Musk’s net worth soared to $127.9 billion after shares of Tesla reached a record high.
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Four a couple of hours, Musk’s net worth was slightly higher than Microsoft co-founder Bill Gates.
‘Bloomberg’ estimated that Gates was worth $127.7 billion at the time of Musk’s leap up the leaderboard.
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The latest readout from the ‘Bloomberg’ Billionaires Index puts Musk and Gates at $128 billion each.
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This ties them for the title of world’s second-richest man.
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Amazon CEO Jeff Bezos currently holds the title of world’s richest person with an estimated $182 billion net worth.
Musk’s wealth is directly tied to Tesla.
He owns about 20 percent of the company’s stock.
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So far, Tesla has shot up almost 524 percent in 2020, adding an estimated $100 billion to Musk’s wealth.
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If not for his philanthropy work, Gates would likely be an even bigger billionaire.
Gates has given a total of roughly $50 billion to charity and pledged to donate more than half of his wealth to charitable causes during his lifetime.
