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HomeNewsElon Musk Reclaims Title of World's Richest Person.

Elon Musk Reclaims Title of World’s Richest Person.

Elon Musk Reclaims Title of World’s Richest Person.

Bloomberg reports that Musk has returned to the top of its real-time Billionaires Index due to a rally in Tesla stock.

According to Bloomberg, Musk’s net worth was approximately $187.1 billion as of the close of markets on Monday, edging out Arnault’s $185.3 billion fortune.

Bloomberg’s tally indicates that Elon Musk has reclaimed the title of the wealthiest person in the world.

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In December of last year, Bernard Arnault, CEO of French luxury brand LVMH (LVHF), dethroned Elon Musk as CEO of Tesla, relegating Musk to No. 2 on the list for more than two months.

Elon Musk Reclaims Title of World’s Richest Person. Bloomberg reports that as of Monday, a rally in Tesla stock has returned Musk to the top of its real-time Billionaires Index.

According to Bloomberg, Musk’s net worth was approximately $187.1 billion as of the close of markets on Monday, edging out Arnault’s $185.3 billion fortune.

Despite Tesla’s (TSLA) stock’s steep decline in 2022 due to Musk’s problem-plagued acquisition of Twitter and a broader tech market downturn, the electric vehicle manufacturer’s shares have since surged in 2023.

Musk may currently be the wealthiest person in the world, but he also holds the record for the largest fortune ever lost by a historical figure.

Musk was the first person in history to lose $200 billion in wealth, as his net worth dropped from approximately $340 billion in November 2021 to $137 billion in December 2022.

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