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

Team Udayavani, Nov 24, 2020, 11:10 AM IST

Washington: Elon Musk on Monday advanced ahead of Bill Gates to become the world’s second-richest person following a surge in Tesla’s share price.

According to Bloomberg Billionaires Index, the 49-year-old entrepreneur has added $100.3 billion to his net worth this year.

His advance up the wealth ranks has been driven largely by Tesla, whose market value is approaching $500 billion. About three-quarters of his net worth is comprised of Tesla shares, which are valued more than four times as much as his stake in Space Exploration Technologies Corp, or SpaceX.

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