The big picture: Serial entrepreneur Elon Musk has surpassed Amazon founder Jeff Bezos as the richest person in the world. Bezos has been at or near the top of the list for several years at present, well-nigh of his wealth owing to his pale in Amazon. Musk, meanwhile, has seen his net worth swell substantially over the past twelvemonth due to the skyrocketing share value of Tesla.

Ane twelvemonth ago to the day, Tesla airtight at a value of $93.81. Every bit of writing, share value in Musk's electric vehicle company is upwardly almost seven pct on the day and is trading at $807.09. The rally was enough to push button Musk ahead of Bezos co-ordinate to Bloomberg and its Billionaires Index, which ranks the world'south top 500 wealthiest people.

Bloomberg said that every bit of 10:15 a.m. Eastern, Musk'due south cyberspace worth was at $188.5 billion.

As CNBC highlights, Musk's ascent over the past year has been cypher short of incredible. Co-ordinate to the publication, he has gained more wealth during the trailing 12 months than Beak Gates' entire net worth of $132 billion.

In response to the development on Twitter, Musk but said "How strange" and followed information technology up with, "Well, back to work…"

In 2022, Musk said roughly half of his coin was intended to solve problems hither on Earth while the rest will be used to establish a self-sustaining city on Mars.

Image credit Alex Gakos, lev radin