Elon Musk overtakes Bill Gates to become world's second-richest person
by Rupert Neate Wealth correspondent and Julia Kollew from on (#5ASBX)
Further rise in Tesla share price pushes entrepreneur past Microsoft co-founder
Elon Musk, the maverick chief executive of Tesla, has overtaken Bill Gates to become the world's second-richest person with a $128bn (97bn) fortune after the electric car company he helped found 17 years ago soared in value to more than $500bn.
Musk, 49, has seen his personal fortune increase by $100bn so far this year as investors worldwide rush to buy shares in Tesla, which is seen as key in helping wean the world off its reliance on fossil fuels.
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