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Elon Musk surpasses Jeff Bezos to become world's richest person

Bloomberg
Bloomberg • 3 min read
Elon Musk surpasses Jeff Bezos to become world's richest person
Musk is worth US$194.8 billion ($257.57 billion), or US$9.5 billion more than Bezos.
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Elon Musk, world’s richest person.

A statement that seemed outlandish one year ago became plausible, then almost inevitable as Tesla Inc.’s share price climbed higher and higher in 2020.

On Thursday (Jan 7) it finally happened. The electric-automaker’s shares surged 7.9%, boosting Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. Musk is worth US$194.8 billion ($257.57 billion), or US$9.5 billion more than Bezos, whose Blue Origin is a rival to Musk’s Space Exploration Technologies Ltd., or SpaceX, in the private space race.

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