Elon Musk is on track to become the richest person in the world after a surge in Tesla shares increased his net worth.

SpaceX and Tesla founder’s net worth was $184.5 billion on January 6. The boost means Musk now has trails Amazon founder and Chief Executive Officer Jeff Bezos by just $3billion in terms of net worth, according to Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.

The Bloomberg Billionaire’s Index, which ranks the net worth of the world’s richest people on a daily basis, largely values a billionaire based on the value of the assets they own.

Bezos has been held the title of world’s wealthiest person since October 2017, and is currently worth $187 billion.

On November 2020, Musk overtook Bill Gates to become the world’s second-richest person with $128 billion.