Elon Musk, the chief executive of Tesla and SpaceX, is now the richest person in the world. An increase in Tesla’s share price on Thursday pushed Mr. Musk past Jeff Bezos, the founder of Amazon, on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. Mr. Musk’s net worth was $195 billion by the end of trading on Thursday, $10 billion more than that of Mr. Bezos’s. “How strange,” Mr. Musk said on Twitter. But the rally in Tesla’s stock price was also propelled by the company’s success last year.

Source: International New York Times January 07, 2021 17:58 UTC