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Elon Musk Is $8 Billion Away From Passing Bill Gates To Become Second-Richest Person

Elon Musk Is $8 Billion Away From Passing Bill Gates To Become Second-Richest Person

The Tesla and SpaceX CEO has watched his net worth rise recently

Rebecca Shepherd

Rebecca Shepherd

Elon Musk is $8 billion (£6bn) away from surpassing Bill Gates as the second-richest person in the world.

The 49-year-old Tesla and SpaceX CEO saw his net worth rise to $120bn (£90bn) with a $10.2bn (£7.7bn) increase, according to Bloomberg Wealth.

Elon Musk.

The move has propelled Musk to being $8bn shy of Bill Gates. That sounds like a ridiculous amount of money but it isn't, not to them two.

As well as creeping closer to the Microsoft founder, Musk also kicked Facebook boss Mark Zuckerberg from the third place. All in a week's work, eh?

Back in August, Musk hit the headlines for joining the centibillionaire club - a club we could definitely get on board with being a part of.


Neither Musk nor Gates are close to Jeff Bezos though. He's currently worth a staggering $183bn (£138bn).

Despite being worth the eye-watering sum, it has dropped ever so slightly because he was the first person to be worth more than $200bn (£150bn).

This year has certainly helped the CEO, who has seen his net worth rise by around $87bn (£65bn), partly due to the increased reliance on Amazon during the coronavirus pandemic.

It looks as though he's not just lining his own pockets either because just days ago he announced the first of his $10bn (£7.6bn) donations to fight climate change.

Jeff Bezos.

The 56-year-old took to Instagram to share the news. He wrote: "I've spent the past several months learning from a group of incredibly smart people who've made it their life's work to fight climate change and its impact on communities around the world. I'm inspired by what they're doing, and excited to help them scale.

"Today, I'm pleased to announce the first Bezos Earth Fund recipients - 16 organizations working on innovative, ambitious, and needle-moving solutions. This $791 million in donations is just the beginning of my $10 billion commitment to fund scientists, activists, NGOs, and others. We can all protect Earth's future by taking bold action now."

He went on to outline who the recipients of the first lot of donations will be.

He wrote: "The Climate and Clean Energy Equity Fund, ClimateWorks Foundation, Dream Corps Green For All, Eden Reforestation Projects, Energy Foundation, Environmental Defense Fund, The Hive Fund for Climate and Gender Justice, Natural Resources Defense Council, The Nature Conservancy, NDN Collective, Rocky Mountain Institute, Salk Institute for Biological Studies, The Solutions Project, Union of Concerned Scientists, World Resources Institute, and World Wildlife Fund."

Featured Image Credit: PA

Topics: elon musk, News, Technology