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  • Business - Entrepreneurship
  • Updated: Feb 20, 2021

Elon Musk Reclaims Spot As World's Richest Man

Elon Musk Reclaims Spot As World's Richest Man

The race for the world’s richest man’s title just got more exciting, as Elon Musk surpassed Jeff Bezos just a few days after the Amazon founder reclaimed the spot.

The Tesla Inc. chief executive officer’s wealth rose to $199.9 billion after SpaceX, the rocket company he founded completed another funding round, making him top the spot for the second time this year.

He surpassed Amazon.com Inc.’s Jeff Bezos , who briefly reclaimed the title as the world’s richest person this week after Tesla shares fell and dragged down Musk’s net worth. Bezos is worth $194.2 billion.

READ MORE: Bitcoin Reaches New Record After Elon Musk Defends It

SpaceX raised another $850 million this month from a group of investors led by Sequoia Capital, taking the company’s value to $74 billion, 60% more than it was in August, and helped boost Musk’s net worth by about $11 billion, according to the Bloomberg Billionaires index.

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