Elon Musk, the boss of high-end electric vehicle maker Tesla, rose to the rank of the richest man in the world on Thursday thanks to the soaring stock market.

Elon Musk, the boss of premium electric vehicle maker Tesla, rose to the rank of the richest man in the world on Thursday thanks to the soaring stock market, according to Bloomberg News calculations.

With Tesla's stock market soaring, in which he owns 18%, the whimsical 49-year-old entrepreneur, who also runs SpaceX, passed Jeff Bezos, the Amazon boss who held the title of richest man in the planet since 2017.