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The soaring of the US electric car manufacturer Tesla on the stock exchange is causing the assets of company boss Elon Musk to keep increasing.
According to the “Bloomberg Billionaires Index” billionaire ranking, the 49-year-old star entrepreneur overtook Microsoft co-founder Bill Gates on Monday and is now the second richest person in the world.
Thanks to the strong price increase of Tesla shares by 6.5 percent, Musk's fortune climbed by 7.2 billion to 127.9 billion dollars (108 billion euros) in a single day.
Since the beginning of the year it has already increased by a whopping $ 100.3 billion.
Gates last made it to $ 127.7 billion in Bloomberg's super-rich charts.
His fortune would be even higher if he didn't donate so much money.
At the top of the billionaire list is still the undisputed Amazon boss Jeff Bezos, whose fortune the "Bloomberg Billionaires Index" estimates at 182 billion dollars.
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As major shareholders of their companies, Musk and Bezos benefit above all from their strong price development on the stock exchange.
Tesla's share has risen 675 percent in the past twelve months.
With a market value of almost 500 billion dollars, the group is by far the most heavily traded car maker in the world, despite relatively low production figures and only modest profits.
Billionaire charts such as the Bloomberg Billionaires Index and Forbes lists are only estimates based on publicly available information on assets such as stocks, real estate, art objects and other luxury goods.
On the Forbes Billionaires List, Musk ranks fourth with a fortune of $ 110.5 billion.