ELON Musk is now richer than Facebook founder Mark Zuckerberg, according to the Bloomberg Billionaires Index.

Musk, who founded SpaceX and Tesla, surpassed Zuckerberg on Monday as Tesla stock surged more than 475 percent.

Per Bloomberg, Musk was worth $111.3billion just after 11am on Monday.

Zuckerberg, by comparison, was worth $110.5billion.

As noted by Bloomberg, Musk's net worth has quickly grown by $76.1billion this year as Tesla shares continue to soar.

Days ago, Musk was said to be the fourth richest person in the world with a net worth of $100billion.

That amount of money is still around half of Amazon boss Jeff Bezos' net worth – said to be worth $200billion.

Musk's 40.4 million Tesla shares are said to account for $87billion worth of his fortune.

Microsoft's Bill Gates and Zuckerberg are also worth over $100billion.

Zuckerberg reached the milestone earlier this year.

On Friday, Musk revealed a new device from Neuralink, his startup.

Neuralink wants to one day implant computer chips inside the human brain.

The goal is to develop implants that can treat neural disorders – and that may one day be powerful enough to put humanity on a more even footing with possible future superintelligent computers.

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