New York: Billionaire Elon Musk has surpassed France’s Bernard Arnault to regain his spot as the world’s richest person, as per the Bloomberg Billionaires Index, on the back of an over 90% surge in Tesla Inc’s stock price this year so far (YTD). Musk had entered 2023 with a net worth of $137 billion.
Elon Musk has reclaimed his title as the world’s richest person, according to Bloomberg Billionaires Index.
In December last year, Bernard Arnault, CEO of the French luxury brand Louis Vuitton, dethroned the Tesla and Twitter CEO from the top rank. Mr Musk was at the second spot for more than two months. According to Bloomberg, a surge in Tesla stock has sent Mr Musk back to the top of the Billionaires Index.
According to the estimates, as of Monday, after the markets closed, Mr Musk’s net worth was approximately $187.1 billion, surpassing Mr Arnault’s $185.3 billion fortune.
However, Tesla chief’s net worth fell by over $200 billion between November and December last year, which was regarded as one of the largest losses of wealth in recent history.
