[ExI] Elon Musk leapfrogs over Bill Gates to become second-richest man in the world

[John Grigg]

"Tesla CEO Elon Musk beat out Microsoft co-founder Bill Gates to become the
second-richest person in the world on Tuesday.

Shares in the electric car maker surged after the Trump administration said
Monday it had started the transition process to President-elect Joe Biden — a
clean energy advocate.
<https://www.nbcnews.com/business/autos/what-biden-means-auto-industry-dirty-jobs-clean-air-n1247727>

Musk’s net worth has grown by an estimated $100 billion since the start of
the year, propelling him ahead of Gates for a few hours before settling
into a tie, with both fortunes listed at $128 billion, according to
the Bloomberg
Billionaires Index. <https://www.bloomberg.com/billionaires/>

Musk's massive personal fortune comes mostly from owning 20 percent of
Tesla and 54 percent of his space transportation company SpaceX.

Earlier this year, the 49-year-old tech pioneer announced
<https://twitter.com/elonmusk/status/1256239554148724737> that he was going
to sell almost all of his “physical possessions” and “own no house,” saying
he no longer wanted to be attacked for being a billionaire."
https://www.nbcnews.com/business/business-news/elon-musk-leapfrogs-over-bill-gates-become-second-richest-man-n1248791
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