New Delhi: Elon Musk, founder of Tesla and SpaceX, a company that makes expensive electric cars, has become the world's richest man. He has achieved this title by beating Jeff Bezos of Amazon. Elon Musk's net worth exceeded 188 billion US$, more than the 187 billion US$ net worth of Amazon founder Jeff Bezos. This happened due to continuous increase in the share price of Tesla.
According to the news, the biggest reason for increase in Musk's wealth is the sharp rise in shares of his company Tesla. Tesla's shares have risen 743 percent in 2020 after the company reported consistent profits.