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Elon Musk: Tech entrepreneur becomes world’s second richest person

Tesla CEO Elon Musk on Monday, November 23 passed Microsoft co-founder Bill Gates to become the second richest person in the world.

The 49-year-old net worth raised from $7.2 billion to 127.9 due to the rise of exponential rise in Tesla’s share price.

READ ALSO: Bill Gates regains title of world’s richest person

The growth of Musk’s net worth is boosted by Tesla, whose market value is nearing $500

He owns 20 percent of the shares at Tesla whose Worth’s more that Space X

His riches come from his direct stake in Space Exploration Technologies Corp or SpaceX.

Microsoft founder Bill Gates held the number one position in the list of top richest people in the world until Amazon Founder Jeff Bezos knocked him off in 2017

However,Gates would have been much richer had he not have donated his fortune to charities

It is reported that Gates has given to his foundation more than $50 billion since 2006.

READ ALSO: Masters degree student with over 20 certificates resorts to selling eggs to make ends meet

Bezos still rocks the number one position according to Bloomberg with $187 billion which has boosted by $67 in 2020

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