Elon Musk Overtakes Jeff Bezos as the World’s Richest man After Making $4.7 Billion

• Tesla CEO Elon Musk has overtaken fierce rival Jeff Bezos to become the richest man in the world

• Musk secures the number one spot after recording daily gains of about $4.72 billion from Tesla stocks

• The 50-year-old engineer is now worth $204 billion according to Bloomberg Billionaires Index

Raise your hand if you’re the richest man in the world.

At the end of trading sessions on Tuesday, Elon Musk’s net worth rose to $204 billion, making him the richest person in the world.

The Tesla CEO gained $4.72 billion as more investors bought into Tesla stocks at record levels.

His current net worth puts him ahead of fierce rival Jeff Bezos as the richest man in the world, according to Bloomberg Billionaires Index.

The Amazon founder currently has a net worth of $202 billion, putting him $2 billion short of the SpaceX CEO.

Tesla’s record gains were influenced by the news that the company plans to grow its unit volumes by 50%.

In addition, the electric vehicle company has made plans to expand into other vehicle segments.

There are even speculations about the company building a car worth $25,000 by 2023.

Also, Tesla recently disclosed that it has set up electricity storage facilities in California as well as Australia and Belgium.

Read also: Elon Musk Reveals Shocking Secret About Jeff Bezos Retirement

Apart from his position as the CEO of Tesla Inc, Elon Musk also heads space exploration and satellite company SpaceX.

Apart from Musk and Bezos, the top 5 in Bloomberg’s billionaire index is completed by Bernard Arnault on $168B, Microsoft founder Bill Gates on $152B, and Mark Zuckerberg on $142B.

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