A surge in Tesla’s stock price has vaulted the entrepreneur to the top spot, with a fortune worth $188 billion.
Tesla chief executive Elon Musk on Thursday surpassed Amazon.com founder Jeffrey Bezos as the world’s richest person. A jump in the price of Tesla stock lifted the value of his wealth on paper to more than $188 billion, according to the Bloomberg Billionaires Index. Tesla shares rose more than 7% on Thursday, helping push Musk’s net worth to $1.5 billion above Bezos’ fortune, according to Bloomberg, citing data tracked by its wealth index. Shares of the electric-car maker have enjoyed a spectacular run in the past year, surging almost 800% from about $92 a year ago to more than $811 in Thursday’s trading.
