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Elon Musk Dethrones Bill Gates To Become 2nd Richest Person

By:  Tupaki Desk   |   24 Nov 2020 10:10 AM GMT
Elon Musk Dethrones Bill Gates To Become 2nd Richest Person
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Despite the ongoing pandemic leaving a heavy toll on every sector and field, business magnate and industrial designer Elon Musk is having a wonderful time in 2020. He added as much as $100.3 billion personal wealth in this year. No other person managed to do this feat.

The American electric vehicle and clean energy company Tesla, Inc registered a surge in the stock prices, which subsequently increased the personal wealth of its CEO Elon Musk.

According to the information provided by the Bloomberg Billionaire's Index (BBI), the new surge in Tesla, Inc's share added as much as $7.2 billion to Elon Musk's personal fortune.

With a fortune of $127.9 billion, Elon Musk emerged as the second richest person in the world by surpassing, co-founder of Microsoft Corporation Bill Gates.

It has to be noted that, earlier on November 18, Elon Musk dethroned Chief Executive Officer of Facebook Mark Zuckerberg to bagg the third spot in the list of richest persons in the world.

Everything is going Elon Musk's way this year. In January 2020, Elon Musk was at 35th place in the list of richest people. In ten months, he is in second place on the list.

Looking at Tesla, the brand value has reached as much as $498 billion on Monday and heading towards $500 billion. The brand value of the company is expected to increase even more.