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Report: Elon Musk is now the second-richest person on the planet


Well, that didn’t take long. Elon Musk has surpassed Microsoft founder Bill Gates to become the world’s second-richest individual less than a week after he claimed third place from Facebook’s Mark Zuckerberg.

According to a report by Bloomberg, Musk’s net worth jumped to $136 billion (more than P6.5 trillion) following yet another surge in Tesla stock prices. Gates’s worth is listed at $129 billion (around P6.2 trillion). Musk has added a whopping $100 billion (P4.8 trillion) to his wealth in 2020 alone, and the year isn’t over yet. Crazy.

The report adds that Tesla shares make up around 75% of the 49-year-old’s wealth. The increase in share prices has also driven market value to $500 billion (over P24 trillion).

Earlier this year, Musk threw some not-so-subtle shade at Gates after the tech legend chose the Porsche Taycan to be his first-ever electric car. In a tweet, Musk called the conversations he has had with gates “underwhelming.”

This is only the second time in the history of Bloomberg’s Billionaires Index that Gates has ranked lower than second. Amazon head Jeff Bezos still ranks first among the world’s billionaires with a net worth of $183 billion (P8.8 trillion), making him by far the world’s richest person.

So, do you think there’s any chance that Musk catches up with Bezos? We think it’s unlikely, but who knows? We would have said the same thing about Musk overtaking Gates several months ago.