Elon Musk topped his net worth with more than $ 100 billion this year, surpassing Bill Gates as the second richest person in the world.
That’s $ 127.7 billion, according to the Bloomberg Billionaires Index, which on Monday ranked the CEO of Tesla Inc. for the first time – with assets of $ 127.9 billion – above Gates.
Musk benefited from a huge rise in Tesla shares, which has risen more than 520% to date. Tesla TSLA,
it rose more than 6% to a record high of $ 521.85 in trading on Monday, closing the day with market capitalization of around $ 464 billion. This equated to a $ 7.2 billion one-day Musk net wealth gain.
Musk started the year in 35th place in the index.
Bloomberg noted Gates, co-founder of Microsoft Corp. MSFT,
it would probably be higher if it had not transferred more than $ 27 billion of its assets to the Gates Foundation since 2006.
Amazon.com Inc. AMZN,
CEO Jeff Bezos is the world’s richest individual, with assets of $ 182 billion, according to Bloomberg, more than $ 67 billion this year.