Elon Musk passes Jeff Bezos to become world’s richest person on Bloomberg list

Article Link: https://www.cbc.ca/news/business/elon-musk-jeff-bezos-1.5864594

Tesla CEO Elon Musk passed Jeff Bezos on Bloomberg’s billionaires’ list to become the world’s richest person on Thursday, a title the Amazon founder has held since October 2017. Tesla shares gained another six per cent on Thursday and are changing hands at just shy of $800 US apiece. Musk is the biggest individual shareholder in Tesla — owning about 20 per cent of the company, plus stock options that would give him another $42 billion US if they vest — so Thursday’s stock gain added more than $4 billion to his net worth. That was enough to leapfrog Bezos into the top spot, as Musk is worth $188.5 billion US, according to Bloomberg, as of midday Thursday. That’s just ahead of Bezos at $187 billion.