Elon Musk Passed Bill Gates as Second Richest in the World

Elon Musk is close to passing passed Bill Gates to become the second richest person in the world. As of Sunday, Elon trailed Bill Gates by about $7 Billion according to the Bloomberg Billionaire index. Tesla stock is up to $530 in after-hours trading. The Tesla gains today added about $6.9 billion to Elon Musks net worth.

Jeff Bezos has $55 billion more than either Musk or Gates.

Tesla will need a share price of about $900 for Elon Musk to pass Jeff Bezos. This assumes Tesla has a share price surge in the next few months. The ratio of Amazon shares to Tesla shares is now 5.8 Tesla shares for one Amazon share. If Tesla reached a ratio of 3.5 Tesla shares to one Amazon share then Elon Musk would pass Bezos to become the richest person in the world.

SOURCES- Google Finance, Bloomberg Billionaire index
Written By Brian Wang, Nextbigfuture.com

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