Elon Musk is now the richest man in the world by passing Jeff Bezos’s net worth by about $10 billion, according to the Bloomberg Billionaires Index.
Tesla chief executive Musk’s net worth totaled around $195 billion Thursday, up from roughly $30 billion a year ago. The value of Tesla’s shares rose almost 8% Thursday, enough for Mr. Musk to overtake Mr. Bezos in the wealth ranking. The jump in the price of Tesla stock boosted the value of his wealth on paper to more than $188 billion! Now, Tesla’s value of $768 billion is greater than that of Ford, GM, Volkswagen, and Toyota combined.
Responding on Twitter to an account that pointed out he was now the world’s richest person, Musk tweets, “How strange.” Later he added, “Well, back to work …”