$195 billion: Elon Musk is the world’s richest person.

With a net worth of $195 billion, Elon Musk, the chief executive officer (CEO) of both SpaceX and Tesla, has become the world’s richest person. That makes him $10 billion richer than the planet’s 2nd-richest person Amazon CEO Jeff Bezos. Bezos had occupied the top spot on the list of the world’s wealthiest people since 2017.

Elon Musk owns around 20% of Tesla’s shares, plus a stake in private rocket company SpaceX. He also has some $42 billion in vested stock options, according to SEC filings. Tesla’s $765 billion market cap makes it by far the most valuable car company in the world. Over the past year, Musk has added more than $165 billion to his fortune in what’s probably the fastest bout of wealth creation in history.

Tesla shares (NASDAQ: TSLA) saw gains of nearly 8% on Thursday, overtaking Facebook to take the fifth spot on the S&P 500 by market capitalization. “How strange,” Musk wrote in response to the news on Twitter. “Well, back to work…” Elon Musk, the outspoken and envelope-pushing chief executive of Tesla, has pioneered not only the electric automotive industry but also various other industries with PayPal, SpaceX, and the Boring Company.

Here are the top 10 richest people in the world right now

1. Elon R Musk: $195 billion
2. Jeff Bezos: $185 billion
3. Bill Gates: $134 billion
4. Bernard Arnault: $116 billion
5. Mark Zuckerberg: $102 billion
6. Zhong Shanshan: $93.1 billion
7. Warren Buffett: $88.2 billion
8. Larry Page: $83.6 billion
9. Sergey Brin: $81.0 billion
10. Larry Ellison: $80.0 billion

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