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Elon Musk is now world’s second-richest person, as net worth has grown more than $100 billion this year

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By Mike Murphy

Elon Musk has added more than $100 billion to his net worth this year, and has passed Bill Gates as the world’s second-richest person.

That’s according to the Bloomberg Billionaires Index , which on Monday ranked the Tesla Inc. chief executive — with a $127.9 billion fortune — above Gates — at $127.7 billion — for the first time.

Musk has profited from the massive surge in Tesla stock, which has skyrocketed more than 520% year to date. Tesla /zigman2/quotes/203558040/composite TSLA +1.05% rose more than 6% to a record close of $521.85 in Monday trading, ending the day with a market cap of around $464 billion. That equated to a $7.2 billion single-day gain in Musk’s net worth.

Musk began the year in 35th place on the index.

Bloomberg noted Gates, the co-founder of Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +3.85% , would likely place higher if he had not given away more than $27 billion of his fortune to the Gates Foundation since 2006.

Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN +4.88% Chief Executive Jeff Bezos is the world’s wealthiest individual, with a fortune of $182 billion, according to Bloomberg, up more than $67 billion this year.

/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 853.39
+8.84 +1.05%
Volume: 20.34M
Jan. 20, 2021 2:50p
P/E Ratio
1,707
Dividend Yield
N/A
Market Cap
$800.55 billion
Rev. per Employee
$511,871
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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 224.77
+8.33 +3.85%
Volume: 25.30M
Jan. 20, 2021 2:50p
P/E Ratio
36.20
Dividend Yield
1.00%
Market Cap
$1636.39 billion
Rev. per Employee
$877,393
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,273.00
+152.24 +4.88%
Volume: 3.69M
Jan. 20, 2021 2:50p
P/E Ratio
95.72
Dividend Yield
N/A
Market Cap
$1565.85 billion
Rev. per Employee
$351,531
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