Elon Musk dethrones Bill Gates to become World’s Second-Richest alive

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Tesla does not know the crisis despite the coronavirus pandemic. And its founder, Elon Musk, is taking advantage. The billionaire, also founder of the space company Space X, became on November 23 the second richest man in the world, according to the Bloomberg ranking of the 500 greatest fortunes. The 49-year-old entrepreneur dethrones Bill Gates, with an overall fortune of $ 127.9 billion, against $ 127.7 billion for the founder of Microsoft.

Elon Musk saw the value of his assets take off from $ 7.2 billion in a single day, thanks to a new Tesla stock bond on the Nasdaq, the New York market on which the group’s securities are traded. The electric car maker became the world’s highest-valued automaker in early July. The company’s shares have since continued to rise, on the back of a 39% surge in the manufacturer’s turnover in the third quarter of 2020, and a doubling of its profits.

$ 100 billion earned in less than a year

The evolution of Elon Musk’s fortune follows Tesla’s meteoric rise in the stock market. In early January, he was ranked 35th in Bloomberg’s billionaire ranking. In just 11 months, his wealth increased by more than $ 100 billion, the highest of all the increases recorded in this index of the richest. It must be said that the Tesla shares held by the entrepreneur of South African origin represent three quarters of his fortune.

Elon Musk therefore passes Bill Gates in the ranking of billionaires. This is only the second time in eight years that the computer scientist has found himself downgraded beyond the second position. Amazon boss Jeff Bezos retains first place, with an estimated global fortune of $ 182 billion.

In general, 2020 will have been a lucrative year for the richest in this world, despite the health and economic crisis. The collective wealth of members of the Bloomberg index has increased by 23% since the beginning of January, or $ 1.3 trillion in total.