Nov 24, 2020
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About this Deal
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.