THE battle for the richest man in the world has been ongoing for decades.
And, Elon Musk has regained the title, according to the Bloomberg Billionaires Index.
Tesla’s soaring stock led to Musk’s wealth, with his
net worth currently standing at $236 billion (about R3 trillion).
It is followed by Amazon founder, Jeff Bezos’ fortune of $196 billion (about R2,8 trillion).
According to Markets Insider, Musk’s fortune was driven by the electric car maker’s robust performance and a recent stock sale at SpaceX.
The aerospace manufacturer is now the second-most valuable private company in the world, and a SpaceX agreement with investors added millions to Musk’s wealth.
Bezos, whose personal wealth is mostly in Amazon shares, has often been switching places with Musk on the index this year.
LVMH CEO Bernard Arnault and Microsoft co-founder Bill Gates stand at third and fourth positions on the list.
