| UPDATED: 16:59, Tue, Jan 12, 2021
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Following three unchallenged years as the planet s richest person, Amazon boss Jeff Bezos was recently knocked off the top spot by Elon Musk, whose fortune was just a quarter of his seven months ago. Thanks to his electric car company Tesla, Elon Musk is now officially the world’s richest man, boasting a net worth of more than $194 billion (£143 billion). His staggering wealth has swelled by $150 billion in only 12 months, making Mr Musk now $11 billion richer than Mr Bezos.