CEO of Tesla and multi-billionaire Elon Musk who some days ago surpassed Jeff Bezos to become the world’s richest person is now the only person with a wealth valuation of over $200 billion.

With shares soaring 8% higher at $816 on Thursday, he became the world’s richest man surpassing Jeff Bezos. Musk made a good fortune in this disastrous year 2020. His net worth surged by over $150 billion in the last 12 months, one of the fastest bouts of wealth creation in history. 

Musk is also the primary shareholder and CEO of SpaceX, though SpaceX is privately held, so its value does not fluctuate as much as the value of Tesla.

The Tesla stock surged over 740 per cent in 2020 which made it possible to be added them in the top 5 of the S&P 500 Index.

Now another rise in stock market has pushed Musk in the $200 billion club, where he is the only person. According to Bloomberg Billionaire Index Elon Musk is now worth $209 Billion.

Elon Musk’s wealth gain in 2020 marks the fastest surge to the top of the rich list in modern history.

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