Elon Musk is officially the wealthiest person on earth.
The 49-year-old now has a estimated net worth of $185 billion, overtaking Bezos, according to the Bloomberg Billionaires Index.
Read also: Tesla’s CEO, Elon Musk Tied With Bill Gates As Second World’s Richest Man
Musk is a major shareholder of the electric car company, Tesla and has benefited from its surging share price over the last year which saw the value of the company rise more than 700 per cent.
The two tech chiefs are competitors in the space exploration business, where Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin LLC compete for government contracts, media and investor attention.
However, much of Musk’s wealth is attributed to Tesla and not SpaceX which is valued at $49 billion.
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