Elon Musk Regains ‘World’s Richest Person’ Title
A surge in Tesla stock lifted Musk above Bernard Arnault, CEO of luxury brand LVMH.
Elon Musk has reclaimed the title of richest person on the planet.
The polarizing boss of Tesla, SpaceX and Twitter was toppled from the top spot by Bernard Arnault, CEO of French luxury brand LVMH last year, making Musk No. 2 on the world’s wealthiest list for more than two months. As of Monday, Feb. 27, however, Bloomberg reports that a surge in Tesla stock has lifted Musk back to the top of its real-time Billionaires Index.
Musk’s net worth was some $187.1 billion as of Monday after markets closed, according to Bloomberg, edging out the $185.3 billion fortune of Arnault.
While Tesla’s stock took a dive in the wake of Musk’s troubled acquisition of Twitter and a broader market downturn in tech stocks, shares for the electric automaker have surged in 2023 so far.
Not only does Musk currently hold the lofty title of World’s Richest Person, but he also holds a record for the biggest fortune ever lost by anyone in history.
CNN reports that Musk became the first person ever to lose $200 billion in wealth in 2022—after his net worth skidded from $340 billion in Nov. 2021 to $137 billion in Dec. 2022.