127.9 billion dollars! Tesla founder musk surpasses gates to become the second richest person in the world

China-News - Finance November 26, 2020, 5:32 pm Thunderbolt's avatar Thunderbolt

Tesla's share price has soared, making musk the world's second richest man.

Elon Musk, the 49 year old founder and CEO of Tesla, has overtaken Microsoft founder Bill Gates to become the world's second richest person, according to a report on November 23, local time.

Elon Musk, CEO of Tesla. People's visual data map

Gates has a net worth of $127.7 billion, and Musk's net worth has increased by $7.2 billion to $127.9 billion, and his assets have increased by $100.3 billion so far this year, making him the largest increase on the list of the richest people on the blog. In January this year, his net worth was only 35th.

Tesla shares rose 6.58% to close at $521.85, a new record, and its market value reached nearly $500 billion, five times that of GM and Ford. Tesla's share price has surged more than 27% in nearly five trading days since the announcement that it will be included in the S & P 500.

In fact, since the beginning of the year, Tesla's share price has soared by more than 500%, and has become the world's largest car company by market value, even though its production is only a small part of Toyota, Volkswagen or general motors.

Recently, wedbush analyst Daniel Ives raised the target price of Tesla from $500 to $560. Tesla's stock price is likely to remain in the bull market in the next few years.

However, many on Wall Street believe that Tesla's share price is overvalued, and other analysts' median target stock index is only $385, far below its closing price of $521.85 on Monday.

At present, Amazon CEO Bezos ranks first on the list with $182 billion, followed by musk and gates.

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