The announcement that Tesla will be listed on the S&P index and a new Morgan Stanley report on the company have skyrocketed its wealth to € 101.4 billion.
The founder of electric vehicle maker Tesla, Elon Musk, is poised to surpass Microsoft co-founder Bill Gates and become the world’s second-largest fortune, behind only Amazon founder Jeff Bezos.
Musk’s net worth soared another $ 10.2 billion (€ 8.62 billion) on Wednesday, after Tesla shares rose 10% thanks to a rating from Morgan Stanley, which predicted the company was about to transform. from a car sales firm to a company with multiple sources of income thanks to software and services.
This increase pushed Musk’s net worth to $ 120 billion (€ 101.423 billion), which is ‘only’ $ 8 billion (€ 6.76 billion) below Gates on the Bloomberg Billionaires Index, a ranking of the 500 richest people in the world. By August, the Australian-born businessman was the fourth richest man in the world.
However, Musk’s fortune also rose by about 7.6 billion dollars (6.423 million euros) last Tuesday, after it was announced that Tesla will be part of the S&P 500, one of the most important stock indexes in the US.
So far this year, the manufacturer’s stock market rises have increased its founder’s assets by about $ 92.4 billion (€ 78.096 million), more than any other member of the billionaire list.
However, Musk and Gates not only ‘compete’ to be the richest person in the world, but also on social networks, where the founder of Tesla said that his conversations with Gates had been “disappointing” and that he “had neither idea “about electric trucks, in response to a Gates post suggesting that electricity would probably not be a practical solution for powering long-haul heavy vehicles.
In addition, the pandemic sparked harsher words between the two. Musk has frequently downplayed the risks of Covid-19, questioning data on its spread and fatality. For his part, Gates dismissed Musk’s comments. “I hope he does not confuse the areas in which he is not too involved,” he lamented, according to Bloomberg.