The Tesla Inc. chief executive officer’s wealth rose to $199.9 billion after SpaceX, the rocket company he founded completed another funding round, making him top the spot for the second time this year.
He surpassed Amazon.com Inc.’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.
READ MORE: Bitcoin Reaches New Record After Elon Musk Defends It
SpaceX raised another $850 million this month from a group of investors led by Sequoia Capital, taking the company’s value to $74 billion, 60% more than it was in August, and helped boost Musk’s net worth by about $11 billion, according to the Bloomberg Billionaires index.