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Elon Musk has a new title: world’s richest person

Elon Musk, the controversial and enigmatic entrepreneur who heads up SpaceX and Tesla, has reached a status that only three others have held in the past two decades: world’s richest person.
On his way to the top spot, Musk has surpassed a bevy of billionaires this year, including Warren Buffet and Bill Gates. He reached the pinnacle Thursday thanks to Tesla’s share price that has skyrocketed nearly 830% since March 2020 along with a substantive pay package that was triggered after achieving certain market capitalization and profitability milestones. In the process, Musk unseated rival Jeff Bezos, the founder and CEO of Amazon who held the world’s richest person position since 2017. 
Musk is now worth more than $188 billion, per Bloomberg’s Billionaire Index. Tesla shares continued their seemingly unabated climb on Thursday, trading up more than 5% to $795.75.
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