Elon Musk is now the second richest man in the world

Elon Musk is now the second richest man in the world.

Tesla co-founder Elon Musk is now the world’s second richest person after Microsoft billionaire Bill Gates.

Co-founder of space exploration firm SpaceX, saw his net worth rise by $7.2 billion to $128 billion on Monday as Tesla shares surged days after the news that the electric car company will be admitted to the S&P 500 index in December.

Musk’s net worth has risen by $100.3 billion in 2020, marking the largest increase among those on the Bloomberg Billionaire Index.

In January, Musk ranked 35th. Last week, Musk pushed Facebook CEO Mark Zuckerberg down into fourth position when he claimed the third spot.

The only person ahead of Musk now is Amazon boss Jeff Bezos, who took the top spot from Gates in 2017 and has stayed there since.

cnbc.com

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