Elon Musk Temporarily Became 2nd Richest Man in The World

2020 has been a good year for Tesla (TSLA) and by extension, Elon Musk. In fact, this year has seen TSLA stock climb over 500%, increasing Musk’s net worth by over $90 billion.

This ascent in wealth put Elon Musk’s estimated net worth to be hovering around the $128 billion mark, which temporarily placed him as the 2nd richest man on the planet, second to Amazon’s Jeff Bezos, who sits at $182 billion.

The Tesla and SpaceX founder currently sits neck-and-neck with Bill Gates, who is estimated to be worth roughly the same amount as Musk, thanks in large part to his earnings from Microsoft.

Tesla is currently selling for $521.9 per share, and Elon Musk owns 20% of the company, according to Bloomberg.

Though of course, it should be mentioned that Bill Gates has donated nearly $50 billion of his wealth to charities, and in March this year, he stepped down from the board of directors on Microsoft.

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Having received a bachelor’s degree in journalism from Macquarie University, Louis’ writing spans across cultural, social and political issues. Louis' work has been shared in Benzinga, FinFeed, The Green Fund, The Startup, The Quarry Journal, Independent Australia and Online Opinion.