After beating Mark Zuckerberg in world rich list ranking — the billionaire Tesla CEO Elon Musk has now leapfrogged Bill Gates to grab the world’s second-richest ranking.
Musk’s net worth rose more than $7.2 billion on November 23, driven by another surge in the Tesla share price, according to the Bloomberg Billionaire Index. The current net worth of Elon Musk stands at $127.9 billion.
This comes as one of the biggest gains in the ranking of the world’s 500 richest people — Musk has added over $100.3 billion to his net worth this year.
In January 2020, he ranked 35th, but the soaring Tesla share price has driven his ranking to surpass other billionaires in the world.
The jump in Musk’s fortune came as the shares of the electric car-maker Tesla soared as the electric car makers market cap neared $500 billion on Monday.
Gates would have been on the top, had it not been for his philanthropy.