HEADLINES & GLOBAL NEWS
By
Jan 08, 2021 06:21 AM EST
With a net worth of not less than $185 billion, business magnate, industrial designer, and engineer, Elon Musk just became the world's wealthiest person.
On Top of World's Richest People List
The increase in the share price of Tesla on Thursday catapulted Musk to pass Jeff Bezos, the person who had been the richest individual since 2017 and currently has a net worth of an estimated $184 billion.
The surge in the wealth of Musk over the past year marks the fastest rise of an individual to the top of the rich list in history as it has been a dramatic financial turnaround for the famed entrepreneur who was just 18 months ago was in the headlines due to the rapid cash burn of Tesla and his personal leverage against the stock of the company.