in

Elon Musk Passes Mark Zuckerberg, Closing in on Bill Gates Net Worth

Videos by OutKick

It’s been a busy week for Elon Musk and Tesla stock after it was announced that the latter would be added to the S&P 500 index. On just Tuesday and Wednesday alone, Tesla stock jumped from $408.09 to $486.64 per share, a gain of 19.2 percent. This week, Musk passed Mark Zuckerberg to become the third richest person in the world, and he’s about $8 billion short of Bill Gates for second. Jeff Bezos is atop the list at $183 billion.

According to the Bloomberg billionaires index, Musk is now worth $120 billion and Gates is worth $128 billion. Before the S&P 500 news, Musk was worth about $103 billion. Since this past January alone, Musk’s net worth has appreciated by over $92 billion.

There are a couple of caveats to the idea of Musk passing Gates. First, Gates has given away a ton of his money to philanthropic ventures over the decades. If this were not the case, Musk would not be closing in on him, and Gates would quite conceivably be a considerable distance ahead of Bezos as well.

In my opinion there’s a lot more risk in the volatility of Tesla stock than Microsoft. I’ll admit that I’ve been way wrong on Tesla stock in the past. I thought it was an unsustainable bubble for a couple years as it’s kept skyrocketing. This is why I don’t short stocks. If you are wrong on a stock you buy, the worst loss exposure is 100 percent. If you are wrong on a stock you short, there is an unlimited downside. Since May 1, 2019, Tesla stock has gone up over 1,300 percent.

Written by Ryan Glasspiegel

Ryan Glasspiegel grew up in Connecticut, graduated from University of Wisconsin-Madison, and lives in Chicago. Before OutKick, he wrote for Sports Illustrated and The Big Lead. He enjoys expensive bourbon and cheap beer.

4 Comments

Leave a Reply
  1. Of the richest billionaires, I’d say Musk is the least likely to try to take control and enslave the world through technocracy. As for the rest of these Dr. Evil trainees, I don’t trust them any more than I can throw them.

  2. Is it just Tesla stock that values him at that number? What does he make from the Space X projects? What about his Boring company?

    He’s got a lot of things going on, I wonder how much he would have if he just wanted to liquidate and buy a Caribbean island to disappear to?

Leave a Reply

to comment on this post. Not a VIP? Signup Here