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.