Elon Musk overtakes Bill Gates to grab world’s second-richest ranking


Musk has added US$100.3bil (RM410.28bil) to his net worth this year. — AFP

Elon Musk’s year of dizzying ascents hit a new apex on Nov 23 as the Tesla Inc co-founder passed Bill Gates to become the world’s second-richest person.

The 49-year-old entrepreneur’s net worth soared US$7.2bil (RM29.45bil) to US$127.9bil (RM523.17bil), driven by yet another surge in Tesla’s share price. Musk has added US$100.3bil (RM410.28bil) to his net worth this year, the most of anyone on the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people. In January he ranked 35th.

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