Elon Musk, the CEO of the next generation automobile company known as Tesla, has displaced Bill Gates, the founder of Microsoft, to become the second richest man in the world. Driven by yet another spike in the shares of Tesla, data from Bloomberg billionaire index shows that Musk is now worth $128 billion, having added a staggering $100.3 billion to his wealth in 2020 alone, the highest feat ever attained by anyone in the Bloomberg billionaire index of the 500 richest people in the world.
Nairametrics.com
With this new shift in fortune, Elon Musk is only behind Jeff Bezos, the founder of Amazon, in the list of the richest people in the world. Musk, who is also involved in the manufacturing of rockets for space exploration, has had most of his wealth coming from the tremendous success of Tesla, his automobile company that specialises in the production of electric vehicles.
Musk reportedly owns one-fifth of the shares of Tesla, which is up about 500% in 2020 alone and is not showing sign of going down anytime soon. Tesla was founded in 2003 by a group of engineer who wanted to prove to the world that electric cars can be faster, safer, and even cheaper than gasoline-powered vehicles. Although Tesla is yet to overtake prominent automobile companies such as Toyota, Volkswagen, General Motors, etc in the volume of production, it has shown strong potential to be more profitable and perhaps successful in the future.
In April 2019, Elon Musk tweeted that he was a fan of Dogecoin, creating some excitement within the Dogecoin community. Not too long ago too, in July 2020, Elon Musk tweeted a cryptic message in support of Doge Coin and the market soon reacted positively as the coin gained 14%. As for Bitcoin, Musk views has so far remained neutral.
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Dogecoin price positive flow is just Elon Musk's talking on it. Couple of weeks back Elon Mask's said that he will not take corona vaccine. That was surprising to me. I love electric car. Just about 500% in 2020, Bull.
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Yea his comments on Dogecoin did improve the fortunes of the coin. Thanks for stopping by.
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There was a rumour about his involvement with Bitcoin and he debunked the claim saying he didn't like it cause of its use in fraud and fraudulent practices.
Congrats to him and his fellow billionaires.
Yea I remember reading about that some months ago. It is not impossible that he would have a change of mind soon. Cheers!
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and from what they will in 3 years he will be richer than jeff bezos!
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I think that your assertions are highly debatable. We can't say exactly what will happen in the future but as long as the world is still battling Covid-19, then we can expect that more peoole will prefer to shop online and that is where displacing Bezos becomes almost an impossible task. Anyways, it's good to see your thoughts on this subject
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yep i agree with you but while bezos wait for opportunities like this to earn way more, Elon is trying to open up renewable energies, space and such. All of these are spaces with extremely favorable future because we know so little about it so far so the possibilities are endless. hopefully, we will be here 3 years from now to see what will happening!
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Thanks for the additional points you've made here. Since the world are moving in tbe direction of clean and renewable energy, then Musk is still on the right track. I think the structure of the post Covid world will make the whole difference. Cheers!
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