Elon Musk overtakes Bill Gates to become the world’s second richest person | Business

Ranking of billionaires changing positions: Elon Musk overtook Bill Gates and became the second richest person in the world. Based on BloombergTesla CEO assets reached $ 127.9 billion on Monday (23). Meanwhile, the equity of the Microsoft founders is $ 127.7 billion.

Elon Musk (Photo by Dan Taylor / Heisenberg Media / Flickr)

In 2020, Musk’s fortune grew the fastest of the 500 richest people in the world, up $ 100.3 billion. At the beginning of the year, he took the 35th place in the rankings and has now surpassed Gates. This result is mainly explained by the rise in the price of Tesla shares, which accounts for three-quarters of Musk’s equity.

The company is the car manufacturer with the highest market value in the world: 525 billion US dollars. It’s worth more than Toyota, Volkswagen, Daimler (owner of Mercedez-Benz), General Motors, Ferrari and Ford combined.

This achievement makes even more sense as Musk’s company plans to make 500,000 cars this year. Toyota, the second most valuable company in the world, produces about 10 million vehicles annually.

Bill Gates is in an unusual position

Gates lost second place in the rankings also made many people notice. This is only the eighth time the operator has dropped below the first two positions on the list. He was the richest person in the world until 2017, when he was surpassed by Jeff Bezos of Amazon, who now has an estimated net worth of $ 182 billion.

Despite the drop, Microsoft’s founder’s equity has grown by $ 14.5 billion this year alone. As BloombergHis fortune would have been even bigger had it not been for the entrepreneur’s significant donations. Since 2006, he has transferred $ 27 billion of his assets to the Bill & Melinda Gates Foundation.

Even with the crisis caused by the new coronavirus virus, rankings indicate that Musk, Gates and other world’s richest people are even richer by 2020. Since the beginning of the year, the property is on the list of billionaires rose 23%. As a result, the total wealth of the 500 richest people in the world is more than $ 1.3 trillion.

With information: The Verge.

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