Musk, 49, gained a whopping $7.2 billion on Tuesday, taking his net worth to $127.9 billion. The tech maverick, who ranked 35th on Bloomberg's list of the world's 500 richest people in January successfully added $100.3 billion to his coffers to become the globe's second-richest person.
Musk's turnover finally managed to displace Gates, who since 2012 has been second or first. The Microsoft wizard's current net worth stands at $127.7 billion.
This interesting turn of events has ushered in a loud and funny meme fest on Twitter around the world. With on-point one liners and sarcastic memes, netizens are trying to defend their favourite billionaire – because why not.
Roughly over half of Musk's net worth is in Tesla shares. The company is closing in on attaining a $500 billion market value and the remaining funds come from his stakes in the firm SpaceX.
Jeff Bezos, the CEO of e-commerce giant Amazon holds the top position as the world's wealthiest individual with a fortune of $182 billion. His net worth has soared by over $67 billion this year.