{"id":1361,"date":"2020-11-24T13:22:58","date_gmt":"2020-11-24T13:22:58","guid":{"rendered":"https:\/\/thenextweb.com\/?p=1329255"},"modified":"2020-11-24T13:22:58","modified_gmt":"2020-11-24T13:22:58","slug":"elon-musk-eclipses-bill-gates-to-become-the-worlds-second-richest-person","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=1361","title":{"rendered":"Elon Musk eclipses Bill Gates to become the world\u2019s second richest person"},"content":{"rendered":"\n<p>Elon Musk is now worth more than $128 billion, making him the second richest person in the world behind Amazon bald-king Jeff Bezos.<\/p>\n<p>Tesla\u2019s chief exec barely eclipsed Microsoft\u2019s Bill Gates to claim the number two position overnight, according to <a href=\"https:\/\/www.bloomberg.com\/billionaires\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Bloomberg\u2019s Billionaire Index<\/a>.<\/p>\n<p>Mostly, Musk\u2019s gains can be attributed to Tesla\u2018s rampaging share price. Musk&nbsp;owns <a href=\"https:\/\/www.cnbc.com\/2020\/08\/18\/how-tesla-and-spacex-ceo-elon-musk-spends-his-billions.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">around 20%<\/a> of all Tesla shares, meaning that when Tesla stock pumps, so does his paper fortune.<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1329265 lazy\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-24-at-12.53.52.png\" alt=\"elon, musk, billionaire, bloomberg\" width=\"1051\" height=\"653\" sizes=\"(max-width: 1051px) 100vw, 1051px\" data-lazy=\"true\" data-srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-24-at-12.53.52.png 1051w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-24-at-12.53.52-280x174.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-24-at-12.53.52-435x270.png 435w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-24-at-12.53.52-217x135.png 217w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-24-at-12.53.52-796x495.png 796w\"><figcaption><a href=\"https:\/\/thenextweb.com\/hardfork\/2020\/11\/24\/elon-musk-second-richest-billionaire-bloomberg-bill-gates-jeff-bezos-tesla-stock\/#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fthenextweb.com%2Fhardfork%2F2020%2F11%2F24%2Felon-musk-second-richest-billionaire-bloomberg-bill-gates-jeff-bezos-tesla-stock%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: The top five billionaires in the world are connected to these five stocks. Tesla is creaming them all.\" data-title=\"Share The top five billionaires in the world are connected to these five stocks. Tesla is creaming them all. on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share The top five billionaires in the world are connected to these five stocks. Tesla is creaming them all. on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"><\/i><\/a>The top five billionaires in the world are connected to these five stocks. Tesla is creaming them all.<\/figcaption><\/figure>\n<p>Indeed, the enigmatic billionaire has added over $100 billion to his on-paper net worth in 2020, during which time Tesla stock absurdly returned more than 500%.<\/p>\n<p><em>[Read:&nbsp;<a href=\"https:\/\/thenextweb.com\/readme\/2020\/11\/23\/why-this-security-engineer-loves-working-in-infosec\/\" target=\"_blank\" rel=\"noopener noreferrer\">Why this security engineer loves working in infosec<\/a>]<\/em><\/p>\n<p>This makes Musk the number one earning billionaire for this year. He\u2019s $33 billion ahead of Bezos, and $75 billion ahead of&nbsp;Facebook\u2019s Mark Zuckerberg in 2020.<\/p>\n<h2>After Gates, Musk only has Bezos to go<\/h2>\n<p>The thing is, Musk is on path to get&nbsp;<em>even richer<\/em>, thanks to his <a href=\"https:\/\/thenextweb.com\/hardfork\/2020\/04\/28\/elon-musk-750-million-payday-tesla-stock-shares\/\" target=\"_blank\" rel=\"noopener noreferrer\">enormous executive compensation<\/a> package with Tesla, which is the biggest of its kind in history. Estimates put the eventual total value of those stock rewards at $55 billion.<\/p>\n<p><em>(If the visualization below doesn\u2019t show, try reloading this page in your browser\u2019s \u201cDesktop Mode\u201d.)<\/em><\/p>\n<p>In May, Musk unlocked the first of 12 tranches, worth $780 million at the time. He did so by maintaining Tesla\u2019s average market value above $100 billion for six months.<\/p>\n<p>Musk then unlocked the second and third tranches a few months later, worth more than $2 billion each. By October, he\u2019d qualified his fourth tranche, representing more than $3 billion in potential profit.<\/p>\n<p>Tesla\u2019s market value now sits at nearly $500 billion, with Musk on track to continue unlocking more billions.<\/p>\n<p>For what it\u2019s worth, <a href=\"https:\/\/www.forbes.com\/real-time-billionaires\/#2e0d4b343d78\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Forbes ranks billionaires<\/a> based on an entirely different methodology. Over on&nbsp;<em>that<\/em> website, Musk is only the world\u2019s fourth richest person, behind Bezos, Gates, and&nbsp;<span>Louis Vuitton&nbsp;Mo\u00ebt Hennessy\u2019s Bernard Arnault and family.<\/span><\/p>\n<p class=\"c-post-pubDate\"> Published November 24, 2020 \u2014 13:22 UTC <\/p>\n<p> <a href=\"https:\/\/thenextweb.com\/hardfork\/2020\/11\/24\/elon-musk-second-richest-billionaire-bloomberg-bill-gates-jeff-bezos-tesla-stock\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk is now worth more than $128 billion, making him the second richest person in the world behind Amazon bald-king Jeff Bezos. Tesla\u2019s chief exec barely eclipsed Microsoft\u2019s Bill Gates to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1362,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/1361"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1361"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/1361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/1362"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}