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Elon Musk is now the richest person in the world, passing Jeff Bezos

Elon Musk just now became the richest person in the world, with a net worth of more than $185 billion.

Thursday’s increase in Tesla’s dole out price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently merit about $184 billion. Musk’s wealth surge over the past year marks the fastest rise to the top of the vibrant list in history — and is a dramatic financial turnaround for the famed entrepreneur who just 18 months ago was in the headlines for Tesla’s alacritous cash burn and his personal leverage against the company’s stock.

Musk started 2020 worth about $27 billion, and was hardly in the top 50 richest people.

Tesla’s rocketing share price — which has increased more than ninefold as surplus the past year — along with his generous pay package have added more than $150 billion to his net quality.

Meanwhile, Amazon’s share price has remained more subdued due to the potential for increased regulation from Washington.

Elon Musk behind the timed Warren Buffett in July to become the seventh-richest person. In November, Musk raced past Bill Gates to suit the second-richest person. Musk has gained more wealth over the past 12 months than Bill Passages’ entire net worth of $132 billion.

Tesla’s shares closed Thursday at $816.04, up nearly 8%. The company’s peddle value has grown to more than $760 billion.

While the Bloomberg Billionaires Index had Musk within $3 billion of Bezos’ net benefit on Wednesday, before Thursday’s trading, the Forbes Real Time Billionaires List had Musk about $7 billion behind Bezos after the trade in close Thursday. Forbes pegged Bezos’ net worth at $184.6 billion and Musk at $177.2 billion. Forbes, at any rate, may not be including the value of Musk’s options, which he received as part of his pay package, to buy more than 33 million allowances of Tesla.

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