# Elon Musk is now world’s second-richest person, as net worth has grown more than $100 billion this year
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Elon Musk is now world’s second-richest person, as net worth has grown more than $100 billion this year
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Credit Tesla stock, which shot up 6% Monday and is up more than 500% year to date
You’d laugh too if you were worth nearly $128 billion.
AFP/Getty Images
Elon Musk has added more than $100 billion to his net worth this year, and has passed Bill Gates as the world’s second-richest person.
That’s according to the Bloomberg Billionaires Index, which on Monday ranked the Tesla Inc. chief executive — with a $127.9 billion fortune — above Gates — at $127.7 billion — for the first time.
TSLA,
rose more than 6% to a record close of $521.85 in Monday trading, ending the day with a market cap of around $464 billion. That equated to a $7.2 billion single-day gain in Musk’s net worth.
Musk began the year in 35th place on the index.
Bloomberg noted Gates, the co-founder of Microsoft Corp.
MSFT,
would likely place higher if he had not given away more than $27 billion of his fortune to the Gates Foundation since 2006.
Amazon.com Inc.
AMZN,
Chief Executive Jeff Bezos is the world’s wealthiest individual, with a fortune of $182 billion, according to Bloomberg, up more than $67 billion this year.
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