Musk has overtaken Amazon . com Inc. founder Jeff Bezos as the
world’s richest person, driven by a meteoric rise in the
value of Tesla Inc., the electric-car maker he runs.
The bragging rights around personal wealth pit two of the tech
industry’s biggest rivals in a competition that spans from
the roads to outer space. Messrs. Musk and Bezos, both founders of
rocket companies, have clashed over issues such as Amazon’s
power over book publishing and Mr. Musk’s interest in
colonizing the planet Mars. Amazon last year bought a self-driving-car
startup that would compete with Tesla.
Mr. Musk’s net worth totaled around $195 billion Thursday, up
from roughly $30 billion a year ago and topping Mr. Bezos’s
wealth by about $10 billion, according to the Bloomberg Billionaires
Index. The value of Tesla’s shares rose almost 8% Thursday,
enough for Mr. Musk to overtake Mr. Bezos in the wealth ranking.
Amazon’s stock was up less than 1%. Mr. Bezos held the top
spot for more than three years.