New Delhi: Tesla co-founder Elon Musk on Monday took over Bill Gates to become the second-richest person in the world as his net worth soared another $7.2 billion to $127.9 billion. His wealth is largely driven by Tesla, which has a market value approaching $500 billion.
The 49-year-old entrepreneur has added more than $100 billion to his net worth since January this year making him one of the fastest-growing among the world’s 500 richest people. He began the year by ranking 35th on the Bloomberg Billionaire Index.
Tesla’s stock rose nearly 6.58 per cent on Monday trading to a record close of $521.85, accounting for Musk’s highest single-day gains.
About three-quarters of his net worth consists of only Tesla shares, valued more than four times as much as his stake in Space Exploration Technologies Corp., better known as SpaceX, the Bloomberg report stated.
