As of Wednesday, January 6, Elon Musk's net worth has landed him the title of the richest person on the planet. 

Musk, the man behind Tesla Inc. overtook Jeff Bezos, the owner of Amazon Inc., to earn the top spot, says Bloomberg.

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$188.5 billion Elon Musk's net worth

Bezos is reportedly worth $1.5 billion less than Musk as of now. He had previously held the title of world's richest man since 2017. 

Elon Musk's worth is on a quick spike as he had just reached the second place position in November 2020

Back in July 2020, he nabbed eighth place. So, he's on a pretty serious upward trajectory. 

Apparently, when Musk moved to Canada from South Africa at age 17, he only had $2,000 to his name.

He said in response to a tweet that his father is actually bankrupt and has been for a long time.

To put this sort of wealth in perspective, one billion seconds is 31.69 years. Elon Musk has 188.5 of those.