Elon Musk has now become the world richest person as his net worth climbed above $185bn.
In the early hours of Thursday, The Tesla and SpaceX founder climbed to the top position after massive increment in Tesla share price.
Remember that the Amazon founder, Jeff Bezos has been the world richest person since 2017.
On Wednesday, Elon Musk electric car company, Tesla now climbed progressively high after hitting a market value of about $700bn (£516bn).
His electric company is now rated more the combination of the worth of Toyota, Volkswagen, Hyundai, GM and Ford.
After the good news went viral on Twitter, Elon Musk commented: “How Strange”.
An outdated tweet that was dug up gave clues to his thought on personal wealth.
“About half my money is available to assist in solving the problems on Earth and a half to help build a self-sustaining city on Mars (one of the planets) to support continuity of life for all living organism in case of a possible meteor hitting the Earth such as the dinosaurs or WW3 happens which destroy living things.
The business magnate fortune has gotten full support via politics in the US where the Democrats will get accessibility of the US Senate for the forthcoming session.
Daniel Ives who is the analyst of the Wedbush Securities wrote “A Blue Senate is very confident and potential “game-changer” for Tesla and the overall electric vehicle sector with more green-driven agenda which is now obvious in the cards for the next couple of years”.
He also added that the possible electric vehicle tax credits will favour Tesla, which will continue to get an iron grip on his market today.
However, Bezos who is the second world richest also saw his fortunes climbing up for the past years.
The coronavirus pandemic even favours the Amazon, creating massive demands for both their online store and cloud computing services.
Although reports gathered reveals that Bezos gave 4% stake in the business to his former wife, MacKenzie Scott after their marriage crashed, this gave Musk the opportunity to surpass him.
We learnt that the threat of regulation means that Amazon stock has not risen as expected.