Tesla Inc. co-founder Elon Musk topples Bill Gates to become the world’s second-richest person

Hitting a new apex on November 23, Elon Musk, the Tesla Inc. co-founder passed Bill Gates and became the world’s second-richest person.

Driven by yet another surge in Tesla’s share price, Musk, the 49-year-old entrepreneur soared his net worth from $7.2 billion to $127.9 billion, adding $100.3 billion to his net worth this year, the most of anyone on the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people. This milestone achieved by Musk, marks only the second time in the index’s eight-year history that Bill Gates, Microsoft Corp. co-founder has ranked lower than number two.

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