Elon Musk overtakes Jeff Bezos as world’s richest person

Tesla ‘s founder and CEO Elon Musk has become the world’s richest person, as his net worth reached north of $185 billion on Thursday according to a Bloomberg report.

Elon Musk, Jeff Bezos
Elon Musk overtakes Jeff Bezos as world’s richest person.

He reached this milestone thanks to rise in Tesla’s shares, which continued their upward climb trading up more than 5% to $795.75 on Thursday.

Elon Musk holds 20% stake in Tesla, which has become the world’s most valuable automaker, passing Ford, GM VW Group and Toyota.

Apart from his 20% equity in Tesla, he also has some $42 billion in vested stock options according to Security and Exchange Commission (SEC) fillings.

The entrepreneur responded to the announcement in his own way through a tweet saying “how strange” and “well, now back to work.”

It is pertinent to mention that the Forbes real-time billionaires list still says that Elon Musk comes in at number two, trailing Jeff Bezos by $9.8 billion.

Musk is also the founder of CEO of SpaceX, an aerospace manufacturer and space transportation services company headquartered in California, and Neuralink, a startup focusing on developing implantable brain-machine interfaces.

One of his most recent projects includes the Boring Company founded in late 2016 as subsidiary of SpaceX but later became independent in 2018.

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