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Elon Musk Is Now The Richest Person In The World, Officially Surpassing Jeff Bezos

As his fortune continues to grow at an unprecedented rate, Elon Musk has now become the world’s richest person, officially overtaking Amazon AMZN +0.7% CEO Jeff Bezos.

Shares of Musk’s electric-vehicle maker Tesla TSLA +7.8% rose by another 8.2% as of 11:30 a.m. EST on Friday, pushing Musk’s net worth up by $12.5 billion, to $189.7 billion. That makes him the wealthiest person on the planet, according to Forbes’ estimates.