Elon Musk is now the second richest man in the world with a 3% rise for Tesla stock in early deals on November 24, 2020.
Tesla’s market valuehas now passed the $500bn mark.
49-year-old Musk started this year in 37th position on the rich list. Last week he overtook Facebook founder and chief executive Mark Zuckerberg in third position.
Today he overtook Microsoft founder Bill Gates, who is also worth $128 billion. This will be the second time the Microsoft founder has dropped out of the top two on the Bloomberg billionaires index.
Musk is worth more than $128 billio as he owns 20% of all of the company’s shares, which have risen by more than 675% since 25 November last year, when they were valued at $67.27 each.
Amazon founder and chief executive Jeff Bezos remains at the top of the Bloomberg rich list, with an estimated net worth of $182 billion.