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South African born Elon Musk surpasses Bill Gates as the 2nd richest person in the world

Billionaire and business magnate Elon Musk is currently the second richest person in the whole world after his wealth skyrocketed by $7.2Bn surpassing the Microsoft Mogul and philanthropist Bill Gates.

The Tech entrepreneur net worth rose to $128Bn according to the Bloomberg Billionaires index on Tuesday leaving behind Bill Gates who is less than half a billion lower at $127.7bn. Musk’s wealth rose fast after the market value of his car company Tesla rose to over $500Bn raising the net worth of Elon Musk. By Wednesay, Musk’s net worth had risen to $136Bn while Bill Gates’ net worth also increased to $129Bn

Who is Elon Musk?

Musk was born and raised in Pretoria South Africa by a South African and Canadian model Maye Musk and a South African father Errol Musk. He is a tech entrepreneur well known for his car company Tesla cars which is currently the most valued car company in the world despite producing and selling a small fraction of cars compared to cars sold by companies like Japanese Toyota, Germany’s VW and America’s General Motors.

Elon Musk and Bill Gates who is richer
Elon Musk left, Bill Gates right

Musk is also the founder, CEO and CTO (Chief Technical Officer) of SpaceX (Space Exploration Technologies Corp) a multibillion aerospace manufacturer and space transportation  company, who are the manufacturer of NASA’s SpaceX Crew-1 that launched a week ago taking 4 Astronauts to International Space Station. He was also among the team that founded and developed PayPal Holdings one of the most popular online payment systems in the world.

The Amazon CEO and founder Jeff Bezos remains comfortably in the first position with $182Bn.

Read also: Bobi Wine named East Africa’s richest musician ahead of Chameleone and Diamond Platnumz

Nasa Tushabe
Nasa Tushabe
A Ugandan Business and Financial News Journalist. Writer and a critic. Reports Entertainment News for Blizz Uganda website.
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