Tesla's Elon Musk overtakes Amazon's Jeff Bezos as world's richest man - Business Insider - Business Insider

Elon Musk briefly surpassed Jeff Bezos as the richest person on the planet on Thursday.
"How strange," the Tesla and SpaceX CEO tweeted. "Well, back to work."
The Tesla chief has added more than $150 billion to his fortune in the past year, after shares in his electric-vehicle company rocketed up 740% in 2020.
Musk's wealth derives from his roughly 20% Tesla stake and 48% SpaceX stake, as well as 57 million exercisable Tesla stock options, Bloomberg says.
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Elon Musk briefly overtook Jeff Bezos as the world's wealthiest person for the first time on Thursday, based on calculations using the Bloomberg Billionaires Index.

"How strange," the Tesla and SpaceX CEO tweeted in response to the news. "Well, back to work."

Tesla shares shot up as much as 6% to north of $800 on Thursday, boosting the net worth of its CEO to about $186 billion. However, Amazon's shares eventually climbed as much as 2%, lifting Bezos' fortune even higher.

The Bloomberg Billionaires Index listed Musk and Bezos' fortunes as $181 billion and $184 billion respectively as of Wednesday's close. The rankings are set to be updated after trading ends for the day.

Musk's wealth on paper reflects his roughly 20% stake in Tesla and 48% stake in SpaceX, as well as 57 million vested Tesla stock options, Bloomberg says. Bezos' net worth largely derives from his 11% stake in Amazon.

The Tesla CEO's fortune has ballooned by more than $150 billion in the past year, Bloomberg said, after the electric-vehicle company's stock price rocketed up 740% in 2020.

Musk and Bezos have left other billionaires in their rearview mirrors. The world's third-richest person, Bill Gates, was worth $132 billion as of Wednesday's close.

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