Elon Musk overtakes Jeff Bezos to become world’s richest person

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Elon Musk has overtaken Jeff Bezos to become the world’s richest person, worth an estimated $185bn, after a stellar rise in the value of Tesla.

At the start of last year Mr Musk was worth just $27bn, but shares in the electric car maker have soared by more than 750pc in the past 12 months. 

The Amazon boss, meanwhile, is estimated to be worth $184bn.

Mr Bezos’s wealth has also swelled over the past year as tens of millions of consumers logged on to the online retailer during the pandemic for shopping and entertainment.

Shares in Amazon, however, slipped slightly on Thursday amid calls for the Joe Biden to take a firmer stance on big tech firms once he becomes US president.

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