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Elon Musk is now tied with Bill Gates as world's second richest man

November 24, 2020. Summarized by summa-bot.

Elon Musk and Bill Gates are each worth $128 billion, tying as the world's second richest man, according to the Bloomberg Billionaires index.

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.

So far in 2020, Tesla's stock has shot up almost 524%, helping Musk add more than an estimated $100 billion to his wealth.

Amazon (AMZN) CEO Jeff Bezos is currently the world's richest person, with an estimated net worth of $182 billion.

And Tesla stock jumped 6. 6% on Monday alone, closing at an all-time high of $521. 9 per share.

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