Tesla CEO Elon Musk takes over as the world’s second richest man.

Tesla CEO Elon Musk overtakes Bill Gates as he emerges as the world’s second richest man behind Amazon’s Jeff Bezoz.Elon Reeve Musk FRS who is a business magnate, industrial designer and engineer is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI. The Tesla CEO’s net worth now sits at around $128 billion, after increasing by $100 billion this year according to the Bloomberg Billionaires Index.

Elon Musk is a South African-born American entrepreneur and businessman who founded X.com in 1999 (which later became PayPal), SpaceX in 2002 and Tesla Motors in 2003. He briefly attended the University of Pretoria before moving to Canada when he was 17 to attend Queen’s University. He transferred to the University of Pennsylvania two years later, where he received dual bachelor’s degrees in economics and physics. He moved to California in 1995 to begin a Ph.D. in applied physics and material sciences at Stanford University, but dropped out after two days to pursue a business career. He co-founded Zip2, a web software company, which was acquired by Compaq for $307 million in 1999. Musk then founded X.com, an online bank. It merged with Confinity in 2000, which had launched PayPal the previous year and was subsequently bought by eBay for $1.5 billion in October 2002. Musk became a multimillionaire in his late 20s when he sold his start-up company, Zip2, to a division of Compaq Computers. He made headlines in May 2012, when SpaceX launched a rocket that would send the first commercial vehicle to the International Space Station. He bolstered his portfolio with the purchase of SolarCity in 2016, and cemented his standing as a leader of industry by taking on an advisory role inThe unique feature of this diner is the rude and obnoxious waitresses that hurl verbal assaults at you in 50’s style! They will speak rudely, literally bang the plates on your table, complain about tips, which Discover More cheap cialis is why they are affordable. the early days of President Donald Trump‘s administration.

Bill Gates sat atop the Billionaires Index for years until he was overtaken by Jeff Bezos in 2017 and then recently overtaken by Elon Musk after increasing by $100 billion this year. Tesla’s skyrocketing share prices have made Elon Musk the world’s second-richest person, with a net worth of nearly $128 billion. Most of Musk’s wealth is tied up in Tesla stock. Instead of drawing a salary, he has been compensated in stock based on the company’s performance — a decision that has paid off handsomely for him so far. Tesla stock has repeatedly defied sceptics and pushed to stratospheric heights. After some production challenges, Tesla has massively scaled up its output of electric cars, which have proved popular — the Model 3 is the bestselling luxury car in America. And Wall Street is feeling optimistic about the future of electric vehicles and clean energy as companies and governments around the world propose increasingly meaningful actions to tackle climate change. Musk has added $100.3 billion to his net worth this year, the most of anyone on the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people. In January he ranked 35th. Tesla is already the most valuable car firm in the world, despite producing a fraction of the vehicles of rivals such as Toyota, VW and General Motors.