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Elon Musk Surpasses Bill Gates As Second Richest Person In World

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It was announced on Monday November 23rd that the 49 year old Tesla Inc. co-founder passed Bill Gates to become the world’s second-richest person.

Elon Musk’s net worth increased from $7.2 billion to $127.9 billion as a result in Tesla share prices jumping. Musk saw his worth jump an additional $100.3 billion to his net worth this year, the most of anyone on the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people. In January he ranked 35th according to Bloomberg Worth.

It is also being reported that 2020 has been a financial boom for one for the world’s richest people. Despite the pandemic and widespread layoffs that have disproportionately affected the world’s working class and poor, the members of the Bloomberg index have collectively gained 23% — or $1.3 trillion — since the year began.

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