Tesla's chief and billionaire entrepreneur Elon Musk has surpassed Jeff Bezos to become the world's richest person. Including his company's shares, Elon Musk had a net worth of more than $188.5 billion yesterday. That's $1.5 billion more than Bezos.

Musk's personal wealth has been boosted by last year's more than eight-fold surge in the share of Tesla. It's now the most valuable carmaker in the world, which is also a huge success for Musk. He has a 20% stake in Tesla about $42 billion of unrealized paper gains on vested stock options.

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He has also set up the Boring Company to make affordable tunnels below busy cities for an all-electric public transport system. This will enable people to avoid the nasty traffic jams. Musk is doing a lot of great things and we wish him only the best for his future as well.

Source: Bloomberg

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