Elon Musk, the CEO of Tesla and SpaceX entrepreneur, has been named the richest person in the world and he lived right here in Texas.
BBC News reported that Musk passed up Amazon founder Jeff Bezos who was previously held the title of the world's richest person since 2017.
Musk's net worth is now well over $185 billion after his electric car company Tesla reached a market value of $700 billion on Wednesday. This means that Tesla is worth more than Hyundai, Toyota, Volkswagen, GM, and Ford all combined.
Tesla Owners of Silicon Valley congratulated Musk on Twitter. They wrote, "@ElonMusk is now the richest person in the world at $190 billion."
Musk moved from California to Texas late last year, according to the Associated Press.
Musk claimed that California had taken innovators for granted. In addition, he said that his move was, in-part, due to the fact that Texas has no income tax.
It is not clear specifically where Musk lives in the Lone Star State, however, it is expected to be somewhere near Austin, the state's capital.
The newest Tesla factory is being build in Austin which was announced in July of last year.
Photo: Getty Images
Source: BBC News and KSAT