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Bill Gates, move over: Elon Musk became the second richest man in the world according to Bloomberg
This quarter, the S&P 500 committee confirmed its intention to include Tesla shares in the corresponding index, which served as an additional impetus for the growth of these securities. The founder of the company, Elon Musk, against this background, climbed to the second position in the list of the richest people in the world according to Bloomberg with a personal fortune of $ 127.9 billion.
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At the moment, the value of Tesla’s capitalization is approaching $ 465 billion, since the beginning of the year, the company’s shares have increased in price almost six times, and Elon Musk’s personal wealth has increased by more than $ 100 billion during this time. Bloomberg’s 500 billionaires list is the fastest growing success story among its members in eight years. Only in January of this year, Musk took 35th place, and now he pushed Bill Gates from second place, who had previously only once yielded this position to competitors during the entire existence of the rating.
About three quarters of Elon Musk’s personal wealth is determined by Tesla shares, therefore, the assessment of the value of his capital strongly depends on the dynamics of their market value. His stake in Tesla is more than four times the value of Musk’s SpaceX stake. I must say that Gates is not so far behind Musk, since his current wealth reaches $ 127.7 billion. It should also be borne in mind that one of the founders of Microsoft donates quite a lot of personal funds to charity – since 2021 he has spent at least $ 27 billion on these purposes.
Amazon founder Jeff Bezos remains unrivaled at the top of Bloomberg rankings with $ 182 billion in personal fortune. Since the beginning of this year, he has increased his capital by $ 67 billion, since Internet commerce turned out to be one of the beneficiaries of the pandemic, no matter how cynical it may sound. Bloomberg-listed billionaires have collectively increased their fortunes by $ 1.3 trillion since the beginning of this year, which corresponds to a 23% increase.