Elon Musk is now the second richest person in the world, with net worth increasing by more than $ 100 billion this year

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You would also laugh if you were worth nearly $ 128 billion.

AFP / Getty Images

Elon Musk added over $ 100 billion to his net worth this year and made Bill Gates the second richest person in the world.

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

Musk benefited from the sharp rise in Tesla’s stock, which has soared more than 520% ​​since the start of the year. Tesla TSLA,
+ 6.58%
rose more than 6% to a record close of $ 521.85 on Monday, closing the day with a market cap of around $ 464 billion. This equates to a gain of $ 7.2 billion in a single day in Musk’s net worth.

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

Bloomberg noted that Gates, the co-founder of Microsoft Corp. MSFT,
-0.13%,
Would likely rank higher if he hadn’t given more than $ 27 billion of his fortune to the Gates Foundation since 2006.

Amazon.com Inc. AMZN,
-0.03%
Managing Director Jeff Bezos is the richest individual in the world, with a fortune of $ 182 billion, according to Bloomberg, up more than $ 67 billion this year.

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