Billionaire entrepreneur Elon Musk has overtaken Bill Gates to become the second-richest person in the world just weeks after he passed Mark Zuckerberg to become the third-richest. Musks' wealth soared after his electric car company Tesla was selected to join the S&P 500. Elon Musk has added more than $100 billion to his net worth this year to reach $127.9bnMusk passed Bill Gates as the world’s second-richest person at $127.7bnThe 49-year-old's net worth soared $7.2 billion to $127.9 billion, driven by a surge in Tesla’s share price, according to Bloomberg. Musk's position at number two means Bill Gates is pushed into third for only the second time in eight years. Gates’s net worth of $127.7 billion would be far higher were he not to have donated so much to charity over the years.

Source: Daily Mail November 24, 2020 05:29 UTC