Owner of Tesla and SpaceX, Elon Musk has overtaken Jeff Bezos to become the richest man in the world. Musk’s net worth is now $222 billion while Jeff Bezos’s Amazon Inc is now worth $190.8 according to Bloomberg Billionaires Index.
Both the billionaires are trying to revolutionize the space industry. Bezos’s Blue Origin is challenging a US government contract with SpaceX to develop technology to land people on the moon again.
Musk added about $9 billion to his fortune after he made an agreement with investors valued SpaceX in excess of $100 billion more than quadruple the size of Blue Origin according to Bloomberg’s wealth index.
However Musk gets most of his wealth from Tesla, which he co-founded in 2003 after he made a huge fortune from the sale of e-commerce site PayPal to eBay Inc for a whopping sum of $1.5 billion.