Elon Musk is now the Second Richest Person in the World

Overtaking Microsoft’s founder Bill Gates, Elon Musk has become the world’s second most wealthy person as of November 2020. Elon Musk’s net worth bounced up to $128bn (470.144bn AED) after the surge of Tesla’s shares.

Tesla is already globally recognized as the most valuable car firm, and now the company’s shares are being added to one of the leading US share indexes, S&P 500.

During his speech, Musk said that it would be reasonable to expand Tesla within the European Markets, initiating with a small car. “In the US, the cars tend to be bigger for personal taste reasons,” he said. “In Europe, (they) tend to be smaller.”

The firm is believed to become the “biggest new entrant” on the S&P 500, with its market value starting at over $500bn!