Elon Musk
Tesla top boss Elon Musk surpasses Amazon chief Jeff Bezos as richest man on earth
New York/IBNS: Tesla Inc chief and billionaire entrepreneur Elon Musk has surpassed Amazon.com Inc founder Jeff Bezos as the richest person of the world.
A 4.8 per cent rally in Tesla's share rocketed Musk's position in Bloomberg Billionaires Index, a ranking of the world's 500 wealthiest people, said a Bloomeberg report.
Bezos had held the top position since October 2017. Today, at 10:15 a.m. in New York, Musk's net worth swelled to $188.5 billion, crossing Bezos by $1.5 billion, the report said.
In the last one year, Musk's net worth increased by $150 billion, recording the fastest wealth creation in history.
Musk's Space Exploration Technologies Corp., or SpaceX, also competes with Bezos' Blue Origin LLC in the private space sector.
The unprecedented rise in Tesla's share price by 743 per cent last year is the result of consistent profits, inclusion in the S&P 500 Index and encouragement from Wall Street and retail investors.
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