Elon Musk is now the second-richest man in the world, tied with Bill Gates


Tesla CEO Elon Musk briefly surpassed Bill Gates and became the second-richest man in the world this Tuesday, before settling in a tie.

According to the Bloomberg Billionaire Index, both tech moguls have fortunes valued at $128 billion. Amazon founder and CEO Jeff Bezos is still in the top spot with a fortune listed at $182 billion.

The majority of Musk’s personal wealth comes from his 54% ownership of the space transportation company SpaceX and his 20% ownership in Tesla, reports NBC News.

This week, share prices for the electric car company surged after the Trump administration announced that it had begun the transition process for President-elect Joe Biden, who has pledged support for clean energy.

NBC News reports that Biden has indicated that he supports the creation of a nationwide charging infrastructure for electric vehicles. During his tenure as Vice President, Biden played a key role in saving as many as one million automotive jobs, and experts believe that the automotive industry will play a central role in the incoming Biden administration's economic recovery plan.

Musk’s net worth rose by $20 billion in the last week alone, and Tesla’s debut on the S&P 500 index in December could increase his net worth substantially.

Earlier this month, Musk unveiled "Tesla Tequila," an alcohol that the company describes as "premium 100% de agave tequila añejo aged in French oak barrels. The liquor is described as “a dry fruit and light vanilla nose with a balanced cinnamon pepper finish. The tequila sold out only hours after going on sale.

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