Published

on


Elon Musk (AFP)

Elon Musk, the charismatic chief of electric automaker Tesla, has overtaken Bill Gates to become the world’s second richest person, according to the Bloomberg list of billionaires.

The South African-born Musk, 49, added $7.2 billion in wealth on Monday alone following Tesla’s latest surge. He now has an estimated $128 billion.

The outspoken Musk, who is also cofounder of SpaceX, had already overtaken numerous luminaries in recent weeks, including Facebook Chief Executive Mark Zuckerberg and Bernard Arnault, the head of French luxury giant LVMH.

“;

var story_page_incontent_p2_target = jQuery( ‘#story_page_incontent_p2_target’ );

var width = jQuery(window).width();
console.log( ‘@@story_page_incontent_p2@@ width: ‘ + width );

if( width > 599 ){
console.log( ‘@@story_page_incontent_p2@@ INJECT’ );
story_page_incontent_p2_target.html( story_page_incontent_p2_code );
}

Now the only person he stands behind is Amazon founder and CEO Jeff Bezos, whose wealth is estimated at $182 billion.

The upheaval of the coronavirus pandemic has allowed the ultra-rich to amass even more wealth as technology companies have gobbled up more market share of the economy.

In 2020, Tesla shares have surged more than 500 percent and the company is now valued at more than $500 billion.

Musk, who owns about 18 percent of the shares, has made some $100 billion during this stretch.

Tesla shares have gained further since the presidential election of Joe Biden, who favors more aggressive policies to address climate change. Tesla was also boosted by an announcement that it is being added to the prestigious S&P 500 index.

Enjoy good journalism?

… then let us make a small request. The COVID crisis has slashed advertising rates, and we need your help. Like you, we here at Raw Story believe in the power of progressive journalism. Raw Story readers power David Cay Johnston’s DCReport, which we’ve expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and legal efforts to harm workers exploited by abusive bosses. And unlike other news outlets, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support in this difficult time. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you. Click to donate by check.

Value Raw Story?

… then let us make a small request. The COVID crisis has cut advertising rates in half, and we need your help. Like you, we believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we’ve expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.


Report typos and corrections to:

[email protected]

.


+”

“+survey_text+”


+”


+survey_css;

var survey_target = jQuery( ‘#survey_ll_target’ );
var survey_offset = survey_target.offset();
var survey_ll_triggered_flag = false;

var screen_height = jQuery( window ).height();

jQuery(window).scroll(function() {

var scroll_pos = jQuery(window).scrollTop();
survey_offset = survey_target.offset();

if( scroll_pos > ( survey_offset.top – ( screen_height * 2 ) ) ) {
if( survey_ll_triggered_flag == false ){
console.log( “### FIRED lazy load survey ###” );
survey_target.html( survey_ll_code );
survey_ll_triggered_flag = true;
}
}

});

2020 Election

Published

on

President Donald Trump is still refusing the concede that he lost the 2020 presidential election, which has prompted some speculation over whether the Secret Service will be forced to drag him out of the White House on January 20th.

In an interview with the Boston Globe, retired NYPD homicide detective Alfred S. Titus, Jr. said that the best way to coax Trump to leave would be to remind him of how great his life was before he decided to run for office back in 2015.

Breaking Banner

Published

on

First lady Melania Trump was caught on tape by a friend ranting about Christmas at the White House. After years of conservatives alleging that liberals were engaging in a “War on Christmas,” Melania ranted, “Who gives a f*ck about Christmas stuff and decoration?”

“I’m in the Christmas spirit!” cheered Republican strategist Ana Navarro, belting out, “Joy to the world, the Trump’s are gone!”

“Really this tape we heard of Melania was so ironic and absurd and ridiculous,” Navarro continued. “How long have we been hearing Donald Trump talk about the war on Christmas, the war on Christmas, blah, blah, blah. Turns out the whole time the war on Christmas was coming from within the White House. No wonder she decorated the White House with those trees that looked like the ‘Handmaid’s Tale.’ Be best. Be gone.”

Latest Headlines

Published

on

Elon Musk, the charismatic chief of electric automaker Tesla, has overtaken Bill Gates to become the world’s second richest person, according to the Bloomberg list of billionaires.

The South African-born Musk, 49, added $7.2 billion in wealth on Monday alone following Tesla’s latest surge. He now has an estimated $128 billion.

The outspoken Musk, who is also cofounder of SpaceX, had already overtaken numerous luminaries in recent weeks, including Facebook Chief Executive Mark Zuckerberg and Bernard Arnault, the head of French luxury giant LVMH.

Now the only person he stands behind is Amazon founder and CEO Jeff Bezos, whose wealth is estimated at $182 billion.

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Novarick Homes Set to Deliver 200 Homes in Epe With Newly Acquired 3d Printing Technology

The possibility of PropTech taking over the Nigerian real estate sector has ne…