The electric car company Tesla in the last year has seen an exponential growth, between September 2019 and 2020 the value of the single share has grown by 750% . Company CEO Elon Musk owns the 20% of Tesla shares and saw its assets increase by more than 7 billion at Wall Street close on Monday 23 November.

Elon Musk becomes the second richest man in the world thanks to Tesla

Musk’s estate as reported by Bloomberg Bilionaires Index amounts to approximately 128 billions of dollars, a figure that allowed him to surpass the co-founder of Microsoft Bill Gates and take second place, behind only the founder of Amazon Jeff Bezos with his 182 billions of assets. Musk in January 2020 was the 35 ° richest man on the planet, in less than a year thanks to the Tesla share price he managed to earn the podium. Bill Gates was first in the charts for many years until in 2017 he was ousted by Bezos. Microsoft co-founder has assets of 127 billion dollars but they would be many more, considering that from 2006 to today donated to charity to his foundation ben 27 billions of dollars.

The British newspaper The Guardian stated that Tesla with 500 billions of dollars ha the highest market capitalization of any other car manufacturer , remembering that it started at the beginning of the year with less than 100 billions.

Musk is also founder and owner of SpaceX , an aerospace company with l ‘goal of increasing reliability and reduce the costs of launches to space and the utopia of developing technologies capable of colonizing and making human presence on Mars possible. SpaceX is the first private aerospace company and recently had good success by launching 4 astronauts into the International Space Station aboard the Crew Dragon spacecraft.

Tesla’s shares rose exponentially when the company managed to enter the S&P index 500 of the main US companies . Three-quarters of Musk’s net worth comes from Tesla stock.