Elon Musk has passed Microsoft co-founder Bill Gates to become the world’s second-richest person.
There is a sizable gap between Musk and the number one spot, which is currently held by Amazon CEO Jeff Bezos who has a reported net worth of around $182 billion.
Musk’s rapid ascent up the list has mainly been driven by Tesla’s share price. The car company currently has a market cap of almost $500 billion, after starting the year at under $100 billion. Around three-quarters of Musk’s net worth consists of Tesla shares, according to Bloomberg.
SpaceX has also seen recent success. Last week the company transported four astronauts to the International Space Station aboard its Crew Dragon spacecraft.