Musks fortune soared by $7.2 billion, surpassing Bill Gates to become the second richest person in the world

category:Finance
 Musks fortune soared by $7.2 billion, surpassing Bill Gates to become the second richest person in the world


On Tuesday, musk surpassed Zuckerberg to become the third richest person in the world. In less than a week, his wealth reached a new milestone, ranking second in the world. In January, he was still 35th in wealth.

Musks net worth surge was mainly driven by the soaring share price of Tesla, which rose 6.51% on Monday to close at $521.85 a share, and the companys market value was close to $500 billion. Musk owns 20% of Teslas shares, and about three-quarters of his net assets are Tesla shares, while SpaceX, which is not listed, accounts for only a small part.

Daniel ives, an analyst at investment bank wedbush, earlier Monday reiterated Teslas hold rating and raised its target price from $500 to $560 and his bull market target price from $800 by 25% to $1000. The bank believes global demand for electric vehicles will rise strongly, and Tesla will become the leading brand of electric vehicles. Gates was the richest man in the world for many years before he was replaced by Amazon founder Jeff Bezos in 2017. Its worth noting, however, that Gates is keen on philanthropy, and his current net worth would be well over $127.7 billion if the wealth he donated was included. Since 2006, Gates has donated $27 billion to the foundation he and his wife co signed. For the richest group of people in the world, its been a very lucrative year. Despite the severe impact of the outbreak and massive layoffs on ordinary people around the world, the net worth of all members of the index has risen by 23%, or $1.3 trillion, since the beginning of the year. Source of this article: Chen Hequn, editor in charge of science and technology innovation board daily_ NB12679

Daniel ives, an analyst at investment bank wedbush, earlier Monday reiterated Teslas hold rating and raised its target price from $500 to $560 and his bull market target price from $800 by 25% to $1000. The bank believes global demand for electric vehicles will rise strongly, and Tesla will become the leading brand of electric vehicles.

For the richest group of people in the world, its been a very lucrative year. Despite the severe impact of the outbreak and massive layoffs on ordinary people around the world, the net worth of all members of the index has risen by 23%, or $1.3 trillion, since the beginning of the year.