Washington, November 2: Elon Musk, founder of US companies Tesla and SpaceX, has hit the world's record high in terms of the volume of his assets, which on Monday exceeded $300 billion, making him the first person to reach this spot, according to the Forbes Billionaires ranking.

As of now, Musk's fortune is estimated at $309.7 billion. It saw a sharp increase last week due to a hike in Tesla shares, driven by its deal with car rental company Hertz for the sale of 100,000 Tesla cars.

Also Read | Shah Rukh Khan Birthday Special: How King Khan Promoted Patriotism and Inclusivity in His Movies Right From Start Without the Need To Seek Validation! (LatestLY Exclusive).

Amazon founder Jeff Bezos ranks second with over $193 billion.

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)