Elon Musk is richer than Bill Gates. Elon Musk has a net worth of $224 billion, while Bill Gates has a net worth of $112 billion.
Elon Musk is the CEO of Tesla Inc. (TSLA), the CEO and leads creative director of his robotics company SpaceX, and, most recently, the world’s wealthiest person. Elon Musk, CEO of Tesla and SpaceX, has just agreed to buy Twitter. Musk is a controversial figure that has sparked lawsuits and SEC investigations.
Bill Gates, full name William Henry Gates III, is an American entrepreneur and computer programmer who helped found Microsoft Corporation, the nation’s biggest personal-computer software company. At an early age, Bill Gates wrote and started his first software program.
How Elon Musk Got So Rich
Currently, Elon Musk has a net worth of $224 billion. (1) Two days after going to school, Elon Musk dropped out of Stanford University’s graduate physics program to launch Zip2, one of the first online GPS systems. He invested some of the proceeds from this venture in X.com, an online payment method that was marketed to eBay Inc and eventually became PayPal Holdings Inc. Elon Musk became the primary funding source for Tesla Motors (now Tesla) in 2004, owing to his current role as CEO of the electric car company. Tesla also manufactures energy storage systems, vehicle components, and, following its acquisition of SolarCity in 2016, solar power systems.
Elon Musk is the CEO and chief designer of Space Exploration Technologies (SpaceX), a space flight rocket developer. Musk launched a program to take Twitter private in April 2022, resulting in a $44 billion takeover bid. Musk intends to invest $21 billion of his own money in the agreement. Musk sold 9.6 million Tesla shares worth $8.5 billion in the weeks following the acquisition’s official announcement. Elon Musk is the world’s wealthiest person, according to both the Bloomberg Billionaires Index and the Forbes real-time billionaires catalog, with an estimated net worth of US$224 billion as of June 2022.
How Bill Gates Got So Rich
Bill Gates is a billionaire, corporate executive, and technologist. He grew up in Seattle, Washington, with an incredible and loving family who welcomed his early passion for computer science. Bill Gates is also a billionaire businessman, software developer, investor, author, and philanthropist from the United States. He and his late childhood friend Paul Allen co-founded Microsoft. During his tenure at Microsoft, Gates held the positions of chairman, CEO, president, and chief software architect and was the company’s largest individual shareholder until May 2014. He was a crucial figure in the microcomputer revolution of the 1970s and 1980s. Bill’s net worth is currently 112 dollars. (2)
Bill Gates has continued to pursue numerous business and philanthropic efforts since leaving Microsoft’s operations in 2008. He was the chairman of several companies, including BEN, Cascade Investment, bgC3, and TerraPower. He has given significant amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, which is revealed to be the most prominent private charity. Through the foundation, he led an early 21st-century vaccination campaign that contributed massively to the destruction of the wild poliovirus in Africa. Until May 2014, Gates served as chairman, CEO, president, chief software architect, and a significant individual shareholder.
- Top 10 Richest people in the world, retrieved from https://www.investopedia.com/articles/investing/012715/5-richest-people-world.asp
- Bill Gates, retrieved from https://www.bloomberg.com/billionaires/profiles/william-h-gates/