Elon Musk becomes world’s 2nd richest person, surpasses Bill Gates

Elon Musk, the 49-year-old entrepreneur has added one more feather in his crown. The Tesla CEO has added close to $100 billion to his wealth in 2020 and has now beaten Bill Gate to become the second richest person in the world. According to Bloomberg Billionaire’s Index, Musk’s estimated net worth is $128 billion surpassing Gates’s $127.7 billion.

In January 2020, Musk was at rank 35 in the index, added $100.3 billion to his net worth, the most of anyone on the Bloomberg Billionaires Index. Tesla’s market value has gone through the roof this year, which in turn has resulted in Musk’s net worth going up.


About three-quarters of his net worth is comprised of Tesla shares, whose market value is approaching $500 billion. The Paypal founder then (X.com) is also the founder CEO, CTO and Chief designer of Space X and, he also founded The Boring Co and Co-Founded Neuralink.

Musk unseats an occasional verbal sparring partner in Gates, who the Tesla billionaire has ridiculed on Twitter for, among other things, having “no clue” about electric trucks. The two have also traded barbs over COVID-19. Gates, whose charitable foundation is one of the preeminent bodies backing vaccine research, has expressed concern over Musk’s stated suspicion of pandemic data and embrace of certain conspiracy theories.

Jeff Bezos is still at the top with net worth of $160 billion. 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.