Elon Musk is now richest person in the world

Elon Musk is now richest person in the world

The world's most popular entrepreneur, Elon Musk, has now also become the world's richest one. With a total net worth of $188 billion and rising, Musk has now overtaken Amazon's CEO, Jeff Bezos, to become the wealthiest person in the world, according to the valuation by Bloomberg's Billionaire Index -- a list of the top 500 richest people in the world.

Interestingly, this is the first time since October 2017 that Bezos has been dethroned from his position at the top of this list. He now currently sits second at a net value of $187 billion. The founder of Amazon has seen his wealth fluctuate a little over the last few months owing to difficult market conditions.

Musk's move to the top of the list is also quite interesting as it follows close on the heels of him passing Bill Gates in November to become the second-richest person in the world. While most of the world has had a bad 2020, Musk personally saw his valuation soar in 2020 to the tune of more than $150 billion.