According to Bloomberg’s tally, Elon Musk has taken the title of the world’s richest person. The Tesla CEO was ousted from the top spot by French luxury brand LVMH (LVMHF) CEO Bernard Arnault in December last year, leaving Musk at No. 2 for more than two months.
However, as of Monday, Bloomberg reports that a rally in Tesla stock has pushed Musk back to the top of its real-time billionaire index. According to Bloomberg, after the market closed on Monday, Musk’s net worth stood at $187.1 billion, more than Arnault’s wealth of $185.3 billion.
While Tesla (TSLA) stock plunged last year amid Musk’s problem-plagued Twitter acquisition and a broader market decline in the tech, shares of the electric vehicle maker are set to soar through 2023.
Elon Musk may hold the current title of the world’s richest person, but he also holds the record for the most wealth lost by anyone in history. Late last year, Musk became the first person to lose $200 billion in wealth – his net worth falling from $340 billion in November 2021 to $137 billion in December 2022.
Meanwhile, the top owner of Twitter and Tesla is back at the top of the Billionaires Index chart, with Musk’s net worth set to grow dramatically in 2023 and lvmh snatching the title of Earth’s richest man from Bernardino. Tesla Takes Fortune After 100 Rally in a Month.
Elon Musk’s $187.1 billion electric car maker is currently valued at 207.63 per share, compared to 108.10 on January 2. Strong demand from China and Europe for Tesla’s discounted cars was sealed yesterday when Tesla shares gained 5.5 percent during the day and translated into in assets of over $50 billion.
The 51-year-old ended the year on top. To accomplish this he needed to sell $15 billion of his Tesla stock, with Bloomberg losing $10 billion since the deal was completed in October alone.