This year, Mr. Musk’s wealth has increased by more than $60 billion thanks to the strong performance of electric car company Tesla’s shares as well as the recent share sale in space company SpaceX that has helped value the company at a low level. 100 billion USD. Bloomberg said the SpaceX deal is bringing Mr. Musk an additional $11 billion.

Billionaire Elon Musk. Photo: Bloomberg

Billionaires Gates and Buffett would not be far behind Mr. Musk on the wealth rankings if not for their philanthropic activities. These two men have donated tens of billions of dollars to charity activities over the years. Meanwhile, Mr. Musk was criticized for not contributing more despite owning huge assets.

Tesla’s boss once said he liked to be anonymous when doing charity work. Earlier this year, billionaire Musk also asked Twitter users how to donate money. He has pledged to give away $150 million, including a $100 million prize in a carbon removal contest, this year. This number is estimated by Recode to be more than all of his previous charitable donations.