Elon Musk is Now the Richest Person in the World

Elon Musk has just passed Jeff Bezos to become the richest person in the world with a net worth of more than $185 billion.

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Jeff Bezos had been the richest person since 2017 with a current net worth of about $184 billion. However, Thursday’s increase in Tesla’s share price after a year of dramatic stock gains pushed Musk's wealth to US$185 billion. 

Elon Musk passed Jeff Bezos to become the richest person in the world

This net wealth has made Musk the richest person in the world, snagging the title away from the previous richest man Jeff Bezos, whose net worth was US$184 billion as of Thursday. 

Musk started 2020 worth about $27 billion. In July, Musk raced Warren Buffett to become the seventh-richest person. Musk passed Bill Gates to become the second-richest person in November. Musk gaining more wealth over the past 12 months marks the fastest rise to the top of the rich list in history.

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