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Featured, Finance, World Economy

Elon Musk Surpassing Bill Gates News Becomes a Social Media Buzz

The billionaire entrepreneur Elon Musk has added 100.3 billion dollars to his overall net worth in 2020 with the news channels and social media buzzing with public reactions and media posts. Elon Musk was declared the world’s second-richest person after the Tesla and SpaceX CEO surpassed Microsoft chairman Bill Gates. There has been a buzz on social media with plenty of comments from entrepreneurs. 

Elon Musk’s net worth increased higher than 7.2 billion dollars on 23rd November. It was driven by another search within the share prices of Tesla, according to market research. With his recent gains, the present net worth of the 49-year-old business tycoon stands at 127.9 billion dollars. As per the billionaire’s index, which contains the ranking of the 500 richest people on the Globe, Elon Musk has added 100.3 billion dollars to the 49-year-old entrepreneur’s net worth in 2020. 

2020 has been very good for entrepreneurs. Tesla’s stock has shot up almost 524% so far in 2020, helping Elon Musk add more than the estimated 100 billion dollars to his net wealth. On the other hand, Bill Gates would expectedly turn out to be a bigger billionaire if it were not for philanthropy. Bill Gates and his wife pledged to donate the maximum of their wealth to charity years ago. Alternatively, Amazon CEO, Jeff Bezos, is presently the Globe’s richest person, having an estimated net value of 182 billion dollars. Other than Tesla, Elon Musk oversees SpaceX. SpaceX happens to be a space exploration firm that lately kicked off a mission with NASA. Being the Musk Foundation chairman and a father of 6, Elon Musk supports humans, pediatrics, and renewable energy research in space. 

Tesla notched another milestone by its acceptance into the S&P 500. It is likely to join the index in the upcoming month. Other than that, Tesla’s stock jumped to 6.6 % on Monday, edging at an all-time high rate of 521.9 dollars per share. This is something that even surprised Elon Musk like anyone else. 

At the beginning of 2020, Elon Musk was ranked 35th in the billionaire’s index list. Considering the popularity and influence of Elon Musk on social media, numerous comments and memes have buzzed about this development. 

As per business Insider, this is the second time Bill Gates was leapfrogged and pushed down to the third category among the world’s richest persons. 

Memes have been buzzing on Elon Musk surpassing Bill Gates. With that being stated, Mr. Elon Musk has responded with just monosyllables to his fans that flooded the social media with news of him and memes overtaking Bill Gates as the second richest person on the Globe. The milestone of Elon Musk is just the second time within the eight-year history of the business index that Bill Gates has ranked less than the second. 

When it comes to memes and public reactions, several Twitter users reacted to the news after Elon Musk became the Globe’s second-richest person, comparing his reaction with Bollywood movie clips. 

Going back, Elon Musk, and his problematic tweets, have arisen controversy for quite some time in social media. When it comes to his reaction to the pandemic crisis, it is no different. Throughout the Globe, public officials have warned of the potentially catastrophic implications of the coronavirus, and as a city, state, and federal leaders request the public for combating the spread of the novel coronavirus by practicing social distancing. 

Alternatively, Elon Musk surpassing Bill Gates as the world’s second-richest person also got tweets from the public that related his victory to a lottery. Numerous Twitter users imagined how other billionaires of the Globe have reacted to the news. 

With that being stated, Elon Musk and Bill Gates have engaged in occasional verbal spats before. The chief executive of Tesla once declared his conversations with Bill Gates as pretty underwhelming. With his response, Microsoft’s co-founder had later slammed Elon Musk for his comments on the covid-19 pandemic. 

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