Elon Musk, the man behind SpaceX and Tesla, has just become the richest person in the world surpassing Amazon’s CEO Jeff Bezos.

This is according to the Bloomberg Billionaires Index, a comprehensive ranking of the 500 wealthiest people in the world.

In the list of Bloomberg’s Billionaire Index, Musk is now worth more than $195 billion.

Fueling his rise was an unprecedented rally in Tesla’s share price, which surged 743% last year on the back of consistent profits, inclusion in the S&P 500 Index and enthusiasm from Wall Street and retail investors alike. The shares have gained more than 23,900% since its 2010 initial public offering, including a 5-for-1 stock split last year.

– Bloomberg

The South Africa-born engineer has added more than $165 billion to his fortune in what’s probably the fastest bout of wealth creation in history over the past year.

Here’s how the new richest person in the world acknowledge his new achievement.

Source: Bloomberg.com