Elon Musk overtakes Bill Gates, becomes world's 2nd richest person

Elon Musk overtakes Bill Gates, becomes world's 2nd richest person

- Elon Musk has now walked his way up to the number two position on the list of the world's richest people

- The chief executive officer of Tesla overtook philanthropist and co-founder of the Microsoft Corporation, Bill Gates

- Musk's nett worth is now $127.9 billion while Gates is worth $127.7 billion

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Tesla's chief executive officer Elon Musk has now overtaken Bill Gates to become the second-richest person in the world.

Despite the coronavirus pandemic, the year 2020 has been a lucrative one for the wealthiest people in the world.

According to Bloomberg, Musk now has a nett worth of $127.9 billion. This is largely due to the surge in Tesla's share price. Briefly.co.za notes that the billionaire added $100.3 billion to his nett worth in 2020.

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Elon Musk Overtakes Bill Gates to Grab World’s Second-Richest Ranking
Elon Musk has overtaken Bill Gates to become the world's second richest person. Photo credit: Wired, USNews.com
Source: UGC

Gates, who is the co-founder of the Microsoft Corporation, has a nett worth of $127.7 billion. The figure would have been much higher if he hadn't been donating massively to charity over the years.

He was unseated as the world's richest man in 2017 by Jeff Bezos, who still maintains the position. Gates has given away more than $27 billion through his namesake foundation since 2006.

Meanwhile, Briefly.co.za previously reported that Gates shared a throwback picture of himself and his father, who died of Alzheimer’s disease. William H Gates II was a lawyer and philanthropist who died on September 14, 2020.

According to Gates Jr, nearly 40 million people around the world have Alzheimer’s disease or dementia today. He said he would not wish for anyone to watch their loved ones go through such an experience in life.

It was also reported by Briefly.co.za that the incredible South African-born billionaire Elon Musk is reportedly richer than Facebook co-founder and CEO Mark Zuckerburg. According to reports, Musk gained another $12 billion (R188 billion) in wealth overnight.

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This is due to the announcement of Tesla's addition to the S&P 500 (a stock market index that measures the stock performance of 500 large companies). Musk's network is sitting on $114 billion while Zuckerberg's is $101.7 billion.

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Source: Briefly News

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