Tesla and Twitter CEO Elon Musk has regained his tag of the richest person in the world, with his net worth climbing again to stand at $187.1 billion, according to the Bloomberg Billionaires Index.
Musk surpassed Bernard Arnault of luxury conglomerate LVMH to reclaim the numero uno position on the richest list. Arnault currently holds $185 billion fortune.
So far this year, Tesla shares have jumped over 100 percent, thanks to customer interest in Tesla models on account of discount rollouts by the company as also a better economic forecast.
Between November 2021 and December 2022, Musk had lost over $200 billion in his personal wealth, one of the largest erosions in individual net worth in recent history. The wealth erosion was triggered by the rapid decline in the value of Tesla shares during the period.
On Tuesday, Tesla shares were trading at $207.32, marginally lower over the previous close. The stock, however, has jumped nearly 20 percent in the last one month.
The billionaire is also the chief executive officer of SpaceX, a rocket manufacturing company, and owns the social networking company Twitter.
The Bloomberg Billionaires Index is a daily ranking of the world’s richest people.
