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Elon Musk Overtakes Bill Gates To Become World’s Second-Richest Person

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Washington: A surge in Tesla’s shares catapulted Elon Musk as the second-richest person in the world overtaking Microsoft chief Bill Gates.

The 49-year-old entrepreneur’s net worth soared $7.2 billion to $127.9 billion.

Musk has added $100.3 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.

Many analysts say the wealth gap between Musk and Gate is not huge, and it’s possible they could switch places again.

Musk, Gates, luxury billionaire Bernard Arnault, Facebook founder Mark Zuckerberg and Amazon founder Jeff Bezos (who’s ranked No. 1 with $182 billion net worth) are the only five centi-billionaires in Bloomberg Billionaires ranking of the world’s richest people.

Tesla is now five times more valuable than General Motors and Ford combined. It is Wall Street’s seventh most valuable company, just behind Berkshire Hathaway and just ahead of Visa.

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