Bhubaneswar, Nov. 24 -- San Francisco: Tesla co-founder Elon Musk on Monday surpassed Microsoft co-founder Bill Gates to become the world's second-richest person.

the Bloomberg Billionaires Index on Monday put the Tesla chief executive - with a $127.9 billion fortune - above Gates - at $127.7 billion - for the first time.

Musk's net worth soared $7.2 billion to $127.9 billion after yet another surge in Tesla's share price. Tesla's stock has surged tremendously this year, up by more than 450%. Thanks to this, Musk has added over $100 billion to his net worth this year, reported the Bloomberg News.

The 49-year-old entrepreneur has added more than $100 billion to his net worth since January 2020, making him one of the fastest-growing amon...