Tesla’s Elon Musk Is Now the World’s Second-Richest Person

Tesla’s  (TSLA) – Get Report Elon Musk is having a very good 2020.

The 49-year-old Tesla CEO and co-founder hit another milestone on Monday, surpassing Microsoft  (MSFT) – Get Report founder Bill Gates to become the world’s second-richest person.

Musk’s net worth soared $7.2 billion to $127.9 billion on Monday, driven by yet another surge in Tesla’s share price, which has continued to march forward ahead of the company’s inclusion in the S&P 500 index, and on a parade of analyst upgrades.

Through 2020, Musk has added $100.3 billion to his net worth, according to the Bloomberg Billionaires Index, the most of any of the 500 billionaires the index tracks, driven by Tesla’s ever-gaining market value, which is now approaching $500 billion.

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