National Post (National Edition)

MUSK OVERTAKES BEZOS ATOP LIST OF WORLD'S RICHEST

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NEW YORK Elon Musk is back on top.

The Tesla Inc. chief executive's wealth rose to US$199.9 billion after the rocket company he founded completed another funding round, vaulting him atop the Bloomberg Billionair­es Index for the second time this year.

He surpassed Amazon's Jeff Bezos, who briefly reclaimed the title as the world's richest person this week after Tesla shares fell and dragged down Musk's net worth. Bezos is worth $194.2 billion.

SpaceX raised another $850 million this month from a group of investors led by Sequoia Capital. The round values the company at $74 billion, a 60 per cent jump from August, and helped boost Musk's net worth by about $11 billion.

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