Elon Musk is now the Richest Man in the World, Surpasses Jeff Bezos

Tesla CEO Elon Musk is now the World's Richest Person

Finally, Tesla CEO Elon Musk is now the World's Richest Person, Surpasses Jeff Bezos. The net worth of Elon Musk just crossed $185 Billion.

A 4.8% rally in the electric carmaker's share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world's 500 wealthiest people. 

The South Africa-born engineer's net worth was $188.5 billion at 10:15 a.m. in New York, $1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration Technologies Corp. or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the private space race.