Elon Musk now second richest person with Tesla's valuation crossing $500 billion

Tesla's value still continues to rise.

Carl Adrian

25 Nov, 2020

Elon Musk now second richest person with Tesla's valuation crossing $500 billion | BEAMSTART News

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Elon Musk is now the world's second-richest person, surpassing Bill Gates and trailing behind Amazon's CEO, Jeff Bezos.

The 49-year-old entrepreneur's net worth rose to $127.9 billion with Tesla's share price rising earlier this week to $555.38 per share.

In fact, 3/4 of Elon Musks's net worth comes from Tesla's shares.

Tesla Motors cars.

Tesla has become the world's most valuable automaker, despite the company producing far less than its competitors Toyota Motor, Volkswagen, and General Motors.

The company is now worth over $500 billion in market value and still continues to rise. 

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