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Home Business News Elon Musk overtakes Bill Gates to become world's second-richest person

Elon Musk overtakes Bill Gates to become world’s second-richest person


Elon Musk’s year of dizzying ascents hit a new apex on Monday (US time) as the Tesla co-founder passed Bill Gates to become the world’s second-richest person.

The 49-year-old entrepreneur’s net worth soared $US7.2 billion to $US127.9 billion ($175 billion), driven by yet another surge in Tesla’s share price. Musk has added $US100.3 billion to his net worth this year, the most of anyone on the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people. In January he ranked 35th.

Elon Musk is now the world’s second-richest person. Credit:Bloomberg

His advance up the wealth ranks has been driven largely by Tesla, whose market value is approaching $US500 billion. About three-quarters of his net worth is comprised of Tesla…



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