Tesla and SpaceX CEO Elon Musk has topped Forbes’ annual billionaires list for the first time, ousting former Amazon president Jeff Bezos, who spent the last four years as the richest person in the world.
Mr Musk, with an estimated net worth of $219bn, has been on the list for a decade, with his massive wealth over the last several years attributed to his soaring and volatile Tesla stock. Two years ago, Mr Musk ranked 31st in the world on Forbes list, with stock shares in his electric vehicle company at $72.24. One year later, his fortune expanded by billions, trailing Mr Bezos by only $26bn.
