Musk passes Bezos as world's richest man -report

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Move over Jeff Bezos - Elon Musk is now the world's richest man, according to one estimate.

Musk reached the pinnacle on Thursday, according to Bloomberg News, thanks to a surge in Tesla shares, which hit another record high and fas skyrocketed eight-fold last year.

That's pushed Musk's net worth to just under $189 billion....besting Bezos by $1.5 billion, according to the report.

Musk has staged a stellar turnaround after nearly getting forced out of the electric car maker three years ago.

Erratic behavior and controversial tweets put the 49-year-old in hot water with investors and the SEC back in 2018, forced him to step down as company chairman.

But since then he's cleaned up his act, guided Tesla out of what he called manufacturing hell, steered it to become the world's most valuable car company, turned a profit, a saw Tesla get a coveted spot in the benchmark S&P 500 index.

With a 20 percent stake in the car maker, Musk has enjoyed a $42 billion unrealized paper gain on vested options during the stock's boom.

And Tesla's not the only thing going right for the perennial entrepreneur. He also has hands in space travel with SpaceX, high-speed electric tunnel travel with the Boring Company and futuristic computer and brain technology with a company called Neuralink.

But for now, his fame and his wealth remain largely tied to the ever-growing success of Tesla, which has put his fortunes into the fast line.