The CEO of Tesla and SpaceX, Elon Musk, has become the world’s richest person, according to Forbes magazine’s latest billionaires list, published on Tuesday.
Musk is atop the World’s Billionaires list for the first time ever. As of March 11, the businessman was worth an estimated $219 billion, after his fortune soared by $68 billion over the past year amid a surge of 33% in the share price of his electric vehicle maker Tesla.
Musk’s net worth is $48 billion more than the fortune of Jeff Bezos, who fell to the second spot for the first time in four years due to a drop of 3% in the stock of his retail giant Amazon. Moreover, the billionaire had reportedly increased charitable giving, which wiped $6 billion from his net worth.