Tesla Inc. and SpaceX CEO, Elon Musk has become the richest man in the world.
His net worth is now $188.5 billion, surpassing that of Amazon founder Jeff Bezos.
In the past year, Musk’s fortune has risen by $160 billion.
A 4.8 per cent rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.
The South Africa-born engineer’s net worth was $188.5 billion at 10:15 a.m. in New York, $1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration Technologies Corp., or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the private space race.
Musk had a rather amusing response to the news of him becoming world richest person.
.@elonmusk is now the richest person in the world at $190 billion.— Tesla Owners of Silicon Valley (@teslaownersSV) January 7, 2021
In response to a tweet by the handle @teslaownersSV , Musk wrote:
“How strange… Well, back to work”