Home Technology Tech news Elon Musk beats Bill Gates as second richest in the world

Elon Musk beats Bill Gates as second richest in the world

The ranking of billionaires changed positions: Elon Musk overtook Bill Gates and became the second richest person in the world. According to Bloomberg, which carries out the survey, the Tesla CEO’s fortune reached $ 127.9 billion on Monday (23). Meanwhile, the Microsoft founder’s equity was $ 127.7 billion.

In 2020, Musk’s fortune was the fastest-growing among the world’s richest 500, up $ 100.3 billion. At the beginning of the year, he occupied 35th position in the ranking and, now, surpassed Gates. This result is mainly explained by the appreciation of Tesla’s shares, which represent three quarters of Musk’s equity.

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

The achievement is more significant considering that the Musk company is expected to produce 500,000 cars this year. Toyota, the second most valuable in the world, produces about 10 million cars annually.

Bill Gates is in an unusual position

The loss of Gates from the second position in the ranking also draws attention. This is only the eighth time that the executive has fallen below the first two places on the list. He was the richest in the world until 2017, when he was overtaken by Jeff Bezos of Amazon, who today has a fortune estimated at $ 182 billion.

Despite the drop in the ranking, the equity of the Microsoft founder increased by $ 14.5 billion this year alone. As the Bloomberg, his wealth would be even greater were it not for the entrepreneur’s significant donations. Since 2006, he has transferred $ 27 billion of his fortune to the Bill & Melinda Gates Foundation.

Even with the crisis caused by the new coronavirus, the ranking indicates that Musk, Gates and the other richest people in the world became even richer in 2020. Since the beginning of the year, the fortune in the list of billionaires has grown 23%. As a result, the total wealth of the world’s richest 500 was $ 1.3 trillion higher.

With information: The Verge.

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