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Elon Musk Has Passed Microsoft Co-Founder Bill Gates To Become The World’S Second-Richest Person, Only A Week After He Overtook Facebook’S Mark Zuckerberg To Become The Third-Richest As Tesla’S Share Price Continues To Soar. The electric car company’s value has risen following the announcement that it would join the S&P 500 index of leading US companies, driving its market value close to $500bn. Mr Musk, 49, is now worth more than $128 billion (£95bn) as he owns 20% of all of the company’s shares, which have risen by more than 675% since 25 November last year, when they were valued at $67.27 (£50.33) each. Tesla’s share price is currently valued at $521.49 (£390.20) a share, and if the... Full story

24 November