Elon Musk is now officially the richest man on the planet, taking the title from Amazon founder Jeff Bezos. 

Jeff Bezos, the founder and CEO of Amazon, is no longer the world’s richest man. Instead, Elon Musk – CEO of SpaceX – now takes that title. This comes after Musk overtook Bill Gates as the world’s second richest man in November last year. 

Bezos had previously held the position of world’s richest man since 2017.

According to Bloomberg Wealth, Musk is now worth a whopping £138 billion ($188bn) – just £1 billion more than Bezos.  

Musk overtook Bezos as the world’s richest man due to an increase in Tesla’s share price, which reached a market value of £516bn ($700bn).

According to the BBC, this now makes the car company worth more than Toyota, Volkswagen, Hyundai, GM and Ford combined.

In response to the news that he now has more money than anybody else on the planet, Musk wrote on Twitter: “How strange”. 

He then followed the tweet up with: “Well, back to work …”


Airing his views about his own personal wealth in 2018, Musk wrote:

“You should ask why I would want money. The reason is not what you think. Very little time for recreation. Don’t have vacation homes or yachts or anything like that.”

He continued,

“About half my money is intended to help problems on Earth & half to help establish a self-sustaining city on Mars to ensure continuation of life (of all species) in case Earth gets hit by a meteor like the dinosaurs or WW3 happens & we destroy ourselves”

Whilst Musk may be richer than Bezos, the Amazon founder is far from poor. 

Amazon, which started as a lowly online bookseller, is now the world’s most profitable delivery company. 

Bezos is also proud of the fact that Amazon “created over 400,000 jobs [last] year alone.”

Not only this, the billionaire recently announced that he was donating £7.6bn ($10bn) to help fight climate change.

In an Instagram post, Bezos wrote:

“I’ve spent the past several months learning from a group of incredibly smart people who’ve made it their life’s work to fight climate change and its impact on communities around the world.

“I’m inspired by what they’re doing, and excited to help them scale.

“Today, I’m pleased to announce the first Bezos Earth Fund recipients – 16 organizations working on innovative, ambitious, and needle-moving solutions. This $791 million in donations is just the beginning of my $10 billion commitment to fund scientists, activists, NGOs, and others. We can all protect Earth’s future by taking bold action now.”


Images via Alamy