Elon Musk surpasses Jeff Bezos as the richest person in the world

Elon Musk, Jeff Bezos
Elon Musk, Jeff Bezos

Elon Musk, the genius behind Tesla (NASDAQ: TSLA) , SpaceX, and other multi-million dollar companies, replaced Amazon founder Jeff Bezos as the richest person in the world.

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According to the real-time Bloomberg Billionaire Index, Bezos is $3 billion richer than Musk, as of this writing. However, the tracker will update at the end of the trading day and will show that Musk already surpassed Bezos as the world’s wealthiest man.

Musk’s wealth rose after Tesla shares were trading higher on Thursday. TSLA shares closed $816.04 each, up by nearly 8%.

The increase added $10.6 billion to the Tesla CEO’s fortune. His net worth is now over $191 billion.

The stock price of Bezos’ Amazon (NASDAQ: AMZN) rose less than 1% to $3,162.16 per share. His net worth also rose by around $2 billion to $187 billion.

In 2020,  the value of Bezos’ stockholdings in Amazon surged by $75 billion to $173.3 billion. The e-commerce giant and its CEO owes their success to the COVID-19 pandemic, which forced Americans to shop online.