Elon Musk Overtakes Bill Gates To Become The Second-Richest Person In The World After His Net Worth Rose By $100BILLION In A Year

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  • Elon Musk added more than $100 billion to his net worth this year to $127.9bn
  • He has passed Bill Gates as the world’s second-richest person at $127.7bn
  • Musk’s fortune comes as a result of a massive surge in Tesla stock, which has rocketed more than 500% so far this year
  • On Monday Tesla stock rose 6.58% to a record close of $521.85
  • It saw Musk’s fortune grow by $7.2 billion in a single-day
  • Musk began the year in 35th place on the Bloomberg Billionaires Index

Billionaire entrepreneur Elon Musk has overtaken Bill Gates to become the second-richest person in the world just weeks after he passed Mark Zuckerberg to become the third-richest.

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It means only Amazon founder Jeff Bezos lies now ahead of him in the rankings. In January he ranked 35th on the Bloomberg Billionaires Index.Musks’ wealth soared after his electric car company Tesla was selected to join the S&P 500.

Tesla will enter the S&P 500, a stock market index that measures the performance of 500 large companies listed on the US stock exchange, on December 21 after it failed to make the cut back in September.

Bloomberg Billionaires Index – Top Ten
  • 1 Jeff Be1 Jeff Bezos $182B Amazon.com
  • 2 Elon R Musk $128B Tesla / Space X
  • 3 Bill Gates $128B Microsoft
  • 4 Bernard Arnault $105B LVMH Moët Hennessy – Louis Vuitton
  • 5 Mark Zuckerberg $102B Facebook
  • 6 Warren Buffett $86.8B Berkshire Hathaway
  • 7 Larry Page $81.3B Google co-founder
  • 8 Sergey Brin $78.7B Google co-founder
  • 9 Steve Ballmer $76.1B Microsoft
  • 10 Mukesh Ambani $74.0B India Energy
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Musk’s position at number two means Bill Gates is pushed into third for only the second time in eight years. Gates was bumped off the top spot which he had held for years, by Amazon.com founder Jeff Bezos in 2017. Gates’s net worth of $127.7 billion would be far higher were he not to have donated so much to charity over the years.


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