The start of the new year has caused some shifts in the net worth of the world’s billionaires. The richest person in the world is now worth US$188.5 billion (S$250 billion) and he is none other than Elon Musk, the founder of Tesla and SpaceX.
The billionaire engineer received a boost after shares of his electric car company rose on January 7, allowing him to surpass Amazon founder Jeff Bezos on the Bloomberg Billionaires Index. Bezos has held the top spot since October 2017.
According to Forbes, Musk is now about US$5 billion ahead of Bezos; towards the end of 2020, he had overtaken Facebook CEO Mark Zuckerberg, Microsoft co-founder Bill Gates and French conglomerate LVMH’s Bernard Arnault and eventually Bezos, to reach his current position.