Hong Kong (CNN Business)Elon Musk’s rocket-like climb up the ranking of the world’s richest men continues. The Tesla (TSLA) CEO’s net worth soared on Monday as shares of his electric automaker hit a record high, boosting his net worth to $127.9 billion, according to the Bloomberg Billionaires index, which tracks the world’s 500 wealthiest people. For a couple of hours that put him slightly above Bill Gates, the co-founder of Microsoft (MSFT) and world’s second-richest person, who was estimated to be worth $127.7 billion. The latest readout from the Bloomberg index has the men tied on $128 billion each. Musk’s fortunes are directly linked to those of Tesla. His biggest asset is the company’s stock, of which he last owned about 20%, according to Bloomberg. This year has been very good for the entrepreneur. So far in 2020, Tesla’s stock has shot up almost 524%, helping Musk add more than an estimated $100 billion to his wealth. That’s more than anyone on Bloomberg’s global rich list, the outlet reported. Read More Here’s what ‘stations’ for Elon Musk’s The Boring Company look like Gates would likely be an even bigger billionaire if it weren’t for his philanthropy. Years ago, he and… Read full this story
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