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Elon Musk is now the richest person in the world

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Pascal Le Segretain/Getty Images

(NEW YORK) — Elon Musk is officially the richest man in the world, CNBC reported on Thursday.

The 49-year-old Tesla CEO, who has a net worth of over $185 billion, moved ahead of Amazon’s Jeff Bezos to grab the title.  Bezos, the richest person since 2017, is currently worth about $184 billion.

Musk reportedly kicked 2020 with a net worth of about $27 billion and was barely in the top 50 richest people, according to the cable news channel.  However, Tesla’s rocketing share price — which has grown more than nine times over the past year — along with his generous pay package, have added more than $150 billion to his net worth.

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

By George Costantino
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