Tech billionaire and brilliant innovator Elon Musk has surpassed Bill Gates to become the world’s second-richest person as his company Tesla’s market cap inches closer to $500 billion.
This is now the second time in history that Bill Gates has ranked lower than the second richest man on the planet.
Gates has held the top position in the billionaire index before being leapfrogged by Amazon’s founder Jeff Bezos in 2017.
Gates and his wife Melinda have been involved in series of huge philanthropic endeavours which could have had an impact on his unending fortune.
Musk’s net worth swelled by more than $7.2 billion on November 23, driven by another surge in the Tesla share price.
In January 2020, he ranked 35th, but the tremendous rise in Tesla’s share price has helped him gain ground and surpass other billionaires in the world.
Elon Musk has enjoyed numerous successes these past few months with the various innovative technologies that are prevalent in Tesla and the successful launching of his company’s Space X.