Tesla shares skyrocket, making Elon Musk world’s second richest man

A sharp rise in the valuation of Tesla stock this week launched company founder, Elon Musk, into the number two spot on the international rich list.

Elon Musk now sits behind only Amazon-founder Jeff Bezos on the international rich-list, following a sharp rise in the valuation of Tesla this week.

In the last seven days alone shares in the electric vehicle manufacturer rose from $447 (approximately AU$607) to $558 (approximately AU$758), representing an increase of approximately 25 per cent.

Market capitalisation now sits at $526.45 billion (approximately AU$715 billion).

According to the Bloomberg Billionaires Index, this has boosted the 49-year old entrepreneur’s net worth to $136 billion (approximately AU$185 billion), putting him comfortably in front of previous second-place holder Bill Gates (with a net worth of $129 billion – or approximately AU$175 billion).

For reference, the world’s richest man, Jeff Bezos, has a net worth estimated at $183 billion.

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