Musk has not only surpassed Amazon's Jeff Bezos last year, but he is also gaining ground on him. Bezos' net worth is currently $196 billion.

Elon Musk competed to become the wealthiest person in the world in 2021. Musk is also constantly strengthening his place at the top of the world's wealthiest list, fueled mostly by the rate at which Tesla is expanding its supremacy in the field of electric transportation.

Tesla CEO's personal fortune increased by as much as $33.8 billion on Monday, a day when Tesla shares rose sharply. According to the Bloomberg Billionaires Index, Musk's net worth is at present $304.2 billion. He has not only surpassed Amazon's Jeff Bezos last year, but he is also gaining ground on him. Bezos' net worth is currently $196 billion.

Tesla shares, which rose 13.5 percent to $1,199.78 on Monday, are leading the rise. Musk controls over 18 percent of all Tesla stock and has clearly confirmed that he intends to reduce his holdings by around 10%. While there was a drop in share prices, with roughly $10 billion worth of stock sold, the EV maker's valuation had already risen to above $1 trillion last month. However, while $304.2 billion is a huge sum, Musk's fortune peaked at $340 billion in 2021.

While Musk has a share in SpaceX, it is usually assumed that Tesla is his cash cow. In 2021, the electric vehicle manufacturer increased its global deliveries to about one million vehicles. Only in the fourth quarter of the year did the corporation supply 300,000 units. According to sources, the Tesla Model 3 and Model Y were the most popular electric vehicles from the American firm, with 911,208 units delivered in total.

While the pandemic and chip scarcity have dogged the global automobile sector as a whole, Tesla has shown remarkable aptitude in navigating its way out of stormy waters and is now forecasting greater growth in the coming year.