Elon Musk surpasses Bill Gates as the world's second-richest person.
Elon Musk has officially overtaken Bill Gates to become the world's second-richest person.
Musk saw his net worth rise by about $7 billion to $128 billion on Monday, according to the Bloomberg Billionaires Index, as Tesla's market value topped $500 billion.
He predicted last year that self-driving Teslas, which are still a work in progress, would boost the automaker's market cap to $500 billion. At the time of Musk's prediction, its market cap was under $45 billion.
The increase in Musk's wealth places him second to Jeff Bezos, who is currently the world's richest person with a net worth of $182 billion.
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