Elon Musk becomes second richest man in the world

Elon Musk, the tumultuous boss of electric vehicle maker Tesla, has passed Bill Gates to become the second richest man in the world, according to Bloomberg’s ranking of billionaires.

The fortune of the 49-year-old South African-born entrepreneur grew by $ 7.24 billion on Monday alone, climbing to $ 128 billion.

The ultra-media executive, who is also co-founder of the space company SpaceX, had already passed in a few weeks in front of Mark Zuckerberg, the leader of Facebook, and Bernard Arnault, the boss of the luxury group LVMH.

On the podium of multi-billionaires, he is only behind Jeff Bezos, the founder of the e-commerce giant Amazon, whose fortune is estimated at 182 billion dollars.

Bill Gates rounds out the top three with a fortune valued at $ 127.7 billion. The former Microsoft co-founder has seen his fortune melt away because he devotes a good part of it to the Bill and Melinda Gates Foundation.

– The rich, even richer –

According to Bloomberg, the richest have seen their cumulative fortune grow by $ 1.3 trillion since January, up 23%, as the coronavirus pandemic has caused the global economy to slow down and led to processions of layoffs and a wave of corporate bankruptcies in the United States.

Mr Musk’s meteoric rise in the Big Fortune rankings is linked to Tesla’s soaring title on Wall Street, which has risen more than 500% since the start of the year and is now worth $ 495 billion there. . This allowed Mr. Musk, who owns about 18% of the company, to earn 100 billion over the same period.

On the one hand, the group has become profitable, managing to earn money for five consecutive quarters.

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Its action has also been boosted in recent weeks by the election to the presidency of the United States of Joe Biden, who has promised to promote the development of electric vehicles in the country, and by the announcement of the group’s next entry. in the prestigious S&P 500 index.

Being part of it will allow Tesla’s share to be systematically included in many financial products that mechanically follow its fluctuations, ETFs, which should give it even more scope.

Tesla is generally benefiting from the enthusiasm of many investors for what they consider to be the future of the automobile.

Although they sell many more vehicles, the more traditional car makers General Motors and Ford are only worth $ 64 billion and $ 35 billion on the stock market, respectively.

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