Skip to main content

Posts

Showing posts with the label bill gates drops

Elun Musk Now World's 2nd-Richest Person- Passes Bill Gates

Tesla's skyrocketing share prices have made Elon Musk the world's second-richest person, with a net worth of nearly $128 billion, according to the  Bloomberg Billionaires Index . Musk edged past Bill Gates on Tuesday now behind Amazon founder  Jeff Bezos  who is worth more. Tesla CEO Elon Musk visits the construction site of a future Tesla plant near Berlin on Sept. 3. Musk is now the world's second-richest person, according to the Bloomberg Billionaires Index. Bloomberg  reported  that the Tesla CEO has added more than $100 billion to his net worth in 2020, propelling him from the 35th spot on the index up to No. 2. Most of Musk's wealth is tied up in Tesla stock. Instead of drawing a salary, he has been compensated in stock based on the company's performance — a decision that has paid off handsomely for him so far. Tesla stock has repeatedly defied skeptics and pushed to stratospheric heights. So far, Musk has received four of the 12 bonuses negotiated in his exec