Elon Musk earlier this week surpassed the 100th Billion mark to become the second richest man alive with a net worth of $128 billion. Elon’s net worth now beats Bill Gates whose net worth is estimated at $127 Billion as well as Mark Zuckerberg who trails with $102 Billion.
This is an extraordinary rise to the top being that in January, Elon was only the 35th richest man in the world. By August he was the 4th and in November he had moved up to 2nd an exponential increase from $7 billion to $127.9 billion in net worth. Elon now only comes second to Amazon Founder and CEO Jeff Bezos whose net worth has come down from $205 Billion to $182 Billion.
Musk who is 49 years old earns most of his wealth from his shareholdings in Electric Car Company Tesla Motors, being the founder and CEO of Tesla Motors as the stock price of Tesla soars so does Elon’s Net worth. Tesla today is worth over $500 Billion from making electric vehicles, solar roofs, battery packs and is also a leader in self-driving software and innovations.
Musk also owns a space rocket launching company SpaceX, which has made history twice this year by being the first commercial space company to launch 2 manned crews to the International Space Station (ISS). SpaceX is also working on Starlink a satellite constellation network which will beam down the internet across the globe. Once completed Starlink is estimated to create almost $30 billion in revenue.
It seems that both Elon and Jeff Bezos are competing hard to become the world’s first trillionaires as both own space companies. While Jeff makes most of his billions from Amazon and e-commerce, he too is also heavily invested in electric vehicles with investments in Rivian an electric automotive technology company developing electric delivery vans for Amazon.
While Mark Zuckerberg who’s only 36 years old the richest youngest person in the world should not be excluded from the first trillionaire competition. The owner of Facebook, Instagram and WhatApps will definitely see his net worth improve in the years to come, as Zuckerberg is working to bring transactional payment systems to each of his social networks which will inevitably improve his earnings to new levels as well.