Elon Musk Dethrones Invoice Gates, Turns into Second Richest Individual In The World

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With a fortune of $127.9 billion, the American entrepreneur is now the second richest individual on the earth.

$127.9 billion. That is the estimated fortune of entrepreneur Elon Musk, based on the most recent billionaire rating compiled by Bloomberg. A acquire that propels him to second place among the many richest males on the earth, taking the place of Invoice Gates, founding father of Microsoft.

In 2020, the 49-year-old entrepreneur’s internet value soared from $ 7.2 billion to $ 127.9 billion resulting from a surge within the share worth of his Tesla firm. Elon Musk, due to this fact, earned $100.3 billion in internet value in a single 12 months. Final January, the Bloomberg Index ranked him thirty fifth in its rating.

Bloomberg Billionaires Index as of November 24, 2020

Bloomberg Billionaires Index as of November 24, 2020

For his half, Invoice Gates, now in third place, he held primary for years earlier than being relegated to second in 2017 by Amazon founder Jeff Bezos. His quite a few donations to charities imply that his fortune is estimated at “only” 127.7 billion {dollars}.

Regardless of the Covid-19 pandemic, it has been a really profitable 12 months for billionaires. All Bloomberg Rankers have collectively earned $1.3 trllion for the reason that begin of 2020, up 23% from the earlier 12 months.

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