Elon Musk is first person ever to be worth over $300 billion

Tesla CEO Elon Musk has become the first person to cross the $300 billion net-worth threshold after his fortune surged by $10 billion in a day thanks to a Tesla share spike, a day before Microsoft regained the title of world’s most valuable company, Daily Mail reported.

Musk’s net worth hit $302 billion as of Thursday, according to the Bloomberg Billionaires’ Index.

The increase of $10 billion was due to a rise in Tesla shares on Thursday, after the electric car firm inked a huge deal with Hertz for the rental giant to buy 100,000 of its vehicles.

The mogul is now worth over $100 billion more than the second-richest person on earth, Amazon founder Jeff Bezos. His fortune sits at $199 billion.