1. Pretoria’s richest son

Tesla co-founder Elon Musk has overtaken Bill Gates to become the world’s second-richest person, after yet another surge in the electric car company’s share price lifted his net worth $7.2bn to $127.9bn. He now sits behind Amazon boss Jeff Bezos, who is worth $181.4bn. Only last week the SA-born entrepreneur bumped Facebook’s Mark Zuckerberg out of the third-richest spot. Gates, who has donated $50bn to charity, is worth a paltry $127.7bn. Musk could net a $55.8bn bonus should Tesla’s market value, now almost $500bn, climb to $650bn. Zuckerberg, worth $102bn, fell to fourth spot this week, behind LVMH CEO Bernard Arnault...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.