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

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November 24, 2020 at 08:10AM

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Further rise in Tesla share price pushes entrepreneur past Microsoft co-founder

Elon Musk has toppled Bill Gates as the world’s second-richest person, just a week after the Tesla co-founder overtook Facebook’s Mark Zuckerberg to become the third-richest.

Driven by a further surge in Tesla’s share price, the 49-year-old entrepreneur’s net worth rose by $7.2bn (£5.4bn) to $127.9bn. It has soared by more than $100bn this year – outranking everyone else on the Bloomberg Billionaires Index, which lists the world’s 500 richest people. In January, Musk was in 35th place.

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