Tesla CEO Elon Musk himself says he doesn’t care that much and he doesn’t even know what his net worth is. But Bloomberg’s watchers are keeping a close eye on their global Billionaires Index – and after another sharp rise in Tesla shares in the past few days, they announced on Tuesday that, with his stakes in Tesla and SpaceX, Musk is now the second richest person in the world World.
Musk benefits from Tesla rally
With the new increase of a good 6 percent on Monday, the Tesla share has gained a further 25 percent since the announcement last week that it will be included in the important S&P 500 index in December. The company’s total market value rose to just under $ 500 billion – one analyst believes that Tesla will double that in the positive case. And with every percent plus in the stock, so does Musk’s fortune. It is currently $ 127.9 billion, according to Bloomberg.
According to a report by the agency, Musk’s stake in Tesla accounts for about three-quarters of his fortune, with the rest mostly SpaceX. The space company he founded is not listed on the stock exchange. Its value can be seen in private financing rounds and is now also said to be more than 50 billion dollars.
The performance at Tesla, however, is much more stormy – in the year to date, the share price has more than quintupled. Musk rose from position 35 on the billionaires list to currently second place. According to Bloomberg calculations, only Amazon founder and CEO Jeff Bezos is richer. Microsoft founder Bill Gates, on the other hand, with his $ 127.7 billion now has to line up just behind the Tesla boss; however, according to Bloomberg, he has already given $ 27 billion of his previous fortune to his charitable foundation.
Rivalry among the super rich
Musk seems to associate a certain rivalry among the super-rich with both Gates and Bezos. He accuses the Amazon founder of imitating Tesla and SpaceX with his own plans for rockets and autonomous driving. And after Gates recently stated that batteries would probably never be a real solution for heavy truck traffic over long distances, the Tesla boss said he had “no idea” about it.