Musk couldn’t even stop Corona… Beat Bill Gates to the second place rich man

Elon Musk (CEO), who leads US private space company SpaceX and electric vehicle manufacturer Tesla, is raising two thumbs at the media group Axel Springer’s awards ceremony held in Berlin, Germany on December 1st last year. Berlin = AFP Yonhap News

The new coronavirus infection (Corona 19) pandemic could not prevent Elon Musk, the CEO of Tesla, a US electric vehicle manufacturer, from running. In a year, his fortune was multiplied by five times, pushing out Microsoft founder Bill Gates, becoming the world’s second richest man.

On the 1st (local time) daily, the Washington Post (WP) and other US media cited the’Bloomberg Billionaire Index’ and reported that the wealth of Americans increased by 1 trillion dollars (1088 trillion won) after the global pandemic of last year’s Corona 19. The recession caused by the corona was left to them.

The richest fortune was Musk, the founder of Tesla. The total fortune was 159 billion dollars (172 trillion 992 billion won), which was less than 30 billion dollars in January of last year, with an increase of 132 billion dollars (143 trillion 6160 billion won) in one year.

As a result, the ranking of the world’s top coders, which was at the 31st level in March 2019, has also risen vertically, surpassing Gates and taking second place. Last year, he left California, where he stayed for 20 years to save taxes, and moved to Texas, where there is no state-level income tax.

Musk’s increase in fortune is due to the rising price of his stock. Tesla’s share price jumped eight times last year. The operation of the Shanghai plant in China, quarterly operating profit surplus, and a strong electric car demand were positive factors.

The wealth of Amazon’s founder, Jeff Bezos, who always ranks the world’s richest people, rose 70 billion dollars (76.16 trillion won) to a total of 184 billion dollars (202.36 trillion won). Amazon shares rose 70% last year. The Corona 19 incident rather became an opportunity. This is because more and more Americans started shopping online.

The WP said that the combined increase in the wealth of the two people amounted to about 200 billion dollars (217 trillion won), which is similar to the gross domestic product (GDP) of 139 countries combined.

According to the Bloomberg Billionaires Index, Gates ranked third in the top rankings, followed by Bernard Arno Louis Vuitton Moe Hennessy (LVMH) chairman, Facebook CEO Mark Zuckerberg, and Warren Buffett Berkshire Hathaway chairman.

Kwon Kyung-seong reporter

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