Elon Musk Is Officially the Richest Person on Earth Again

Competition is heating up.
Richest Again

According to Forbes real-time billionaires, Elon Musk, CEO of Tesla and SpaceX, is the world's wealthiest person with an estimated net worth at $201.7 billion.

Jeff Bezos, Amazon founder and billionaire competitor in the space market, slipped to second with an estimated net worth $193.6 billion.

Tesla shares skyrocketing was a major reason Musk's gains. Forbes reports that Tesla shares rose by 720 percent in the last year.

Musk and Bezos have an incredible amount of wealth. Their personal wealth gives them unparalleled power and influence, nearly half a trillion dollars in total.



Rank Smell

Musk is not the first person to reach the $200 billion mark. Both Bezos, and Louis Vuitton SE CEO Bernard Arnault, had done it in August 2020 and last year respectively.

Musk briefly held the top spot on Bloomberg's Billionaire Index in January, but then fell behind.

SpaceX and Bezos Blue Origin have been waging a rivalry. Bezos sued NASA for choosing SpaceX to develop its lunar lander. Amazon also filed legal action against SpaceX, alleging that the Musk-led company violates Federal Communications Commission rules.

It's a battle between billionaires and we will see the ranks shift more over time.



READ MORE: Elon Musk eclipses $200 billion to become the richest person in the world again [Forbes]

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