Date:24/11/20
While tales of Elon Musk's rapid acquisition and (occasionally, staggering) losses of wealth are now as commonplace among finance circles as they are legendary, there remains absolutely zero doubt that the trailblazing tech magnate, who has helped revolutionise multiple industries throughout his 49 years on this planet, has turned himself into an incredibly rich man in the process. And while most of his most major businesses have had the expected growing pains, Tesla, SpaceX and, to a lesser extent, The Boring Company, now all have bright futures, and bright stock forecasts, ahead.
As such, there's little left to curtail Musk's already rapid rise through global rich lists around the world. And while the silicon valley giant has always enjoyed a place hovering among the true elite of the world's richest men and women, the Tesla founder now sits firmly among the absolute cream of that particular crop. And overnight, Musk set a new milestone, surpassing Bill Gates for the first time to be named as the world's second richest man.
If this has caught you by surprise, you're not alone. Musk entered 2020 as the world's 35th richest man, the bulk of his wealth made up of Tesla shares that, at the time at least, weren't quite as healthy as they are today. However continuing demand for Tesla's cars, along with the brand's marked improvements in getting cars produced at a rapid clip, have done to Musk's personal wealth what putting your foot down in a Model S will do for your serotonin levels. By August, he had been named the world's fourth-richest person. And overnight, another surge in Tesla's share price overnight added $7.2 billion USD to Musk's net worth, taking it to a total of $127.9 billion USD.
Tesla's stock itself now sits at $521 USD per share, up from $67 USD just a year ago, with many analysts predicting that shares in the auto manufacturer could jump past the $1,000 USD mark once its various planned Giga-Factories become operational. Per CNBC, Musk owns roughly 20% of Tesla.
Even so, Musk still has a significant amount of work to do if he plans on catching the world's current richest man: Jeff Bezos, who earlier this year became the world's first person to crack a $200 billion net worth.
Elon Musk just became the world’s second-richest person
While tales of Elon Musk's rapid acquisition and (occasionally, staggering) losses of wealth are now as commonplace among finance circles as they are legendary, there remains absolutely zero doubt that the trailblazing tech magnate, who has helped revolutionise multiple industries throughout his 49 years on this planet, has turned himself into an incredibly rich man in the process. And while most of his most major businesses have had the expected growing pains, Tesla, SpaceX and, to a lesser extent, The Boring Company, now all have bright futures, and bright stock forecasts, ahead.As such, there's little left to curtail Musk's already rapid rise through global rich lists around the world. And while the silicon valley giant has always enjoyed a place hovering among the true elite of the world's richest men and women, the Tesla founder now sits firmly among the absolute cream of that particular crop. And overnight, Musk set a new milestone, surpassing Bill Gates for the first time to be named as the world's second richest man.
If this has caught you by surprise, you're not alone. Musk entered 2020 as the world's 35th richest man, the bulk of his wealth made up of Tesla shares that, at the time at least, weren't quite as healthy as they are today. However continuing demand for Tesla's cars, along with the brand's marked improvements in getting cars produced at a rapid clip, have done to Musk's personal wealth what putting your foot down in a Model S will do for your serotonin levels. By August, he had been named the world's fourth-richest person. And overnight, another surge in Tesla's share price overnight added $7.2 billion USD to Musk's net worth, taking it to a total of $127.9 billion USD.
Tesla's stock itself now sits at $521 USD per share, up from $67 USD just a year ago, with many analysts predicting that shares in the auto manufacturer could jump past the $1,000 USD mark once its various planned Giga-Factories become operational. Per CNBC, Musk owns roughly 20% of Tesla.
Even so, Musk still has a significant amount of work to do if he plans on catching the world's current richest man: Jeff Bezos, who earlier this year became the world's first person to crack a $200 billion net worth.
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