Tesla founder Elon Musk’s net worth soared to $127.9 billion on Monday, driven by yet another surge in the company’s share price. And so, the 49-year-old billionaire has surpassed Bill Gates as the world’s second-richest man.
Tesla stock rose more than six percent in Monday trading to a record close of $521.85, 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.
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