lon Musk has regained his position as the world’s richest man with a net worth of $187.1 billion thanks to Tesla‘s booming stock price.
He has regained the title from Bernard Arnault, boss of luxury goods company LVMH, who’s now second richest with a net worth of $185.3 billion.
Musk’s wealth has been boosted as shares in Tesla, his electric car company, have nearly doubled since the start of 2023. The company was one of many tech stocks to suffer badly last year but it’s currently trading at $207.63-a-share – compared with $108.10 on January 2.
The 51-year-old’s place atop the Bloomberg Billionaires Index had previously been surpassed by Arnault on December 13.
Musk’s return to the number one spot was sealed on Monday when Tesla shares rose 5.5% through the day. It means Musk’s net worth on Tuesday afternoon was around $50 billion more than at the turn of the year.
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