Elon Musk reclaims spot as number one richest person in the world
South African-born businessman Elon Musk is back at the top of the ranks as the world’s richest man. Musk returns to the summit as he reclaimed his place and that is according to the latest rankings issued by Bloomberg. The Tesla CEO was unseated from the top spot by Bernard Arnault, CEO of French luxury
Elon Musk reclaims spot as number one richest person in the world
South African-born businessman Elon Musk is back at the top of the ranks as the world’s richest man.
Musk returns to the summit as he reclaimed his place and that is according to the latest rankings issued by Bloomberg.
The Tesla CEO was unseated from the top spot by Bernard Arnault, CEO of French luxury brand LVMH (LVMHF), in December of last year, making Musk No. 2 on the list for more than two months.
As of Monday this week, however, Bloomberg reported that a rally 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, just topping the $185.3 billion fortune of Arnault.
CNN has it that while Tesla (TSLA) stock declined steeply last year amid Musk’s problem-plagued acquisition of Twitter and a broader market downturn in tech, shares for the electric vehicle maker have since surged in 2023.
The American businessman was cool but combative as he testified in a Delaware courtroom that Tesla’s more than $2 billion acquisition of SolarCity in 2016 wasn’t a bailout of the struggling solar provider.
Musk might hold the current title of the richest person in the world, but he also holds a record for the biggest fortune ever lost by anyone in history as previously reported by BusinessTech Africa.
In 2022, he became the first person ever to lose $200 billion in wealth — after his net worth slid from some $340 billion in Nov. 2021 to $137 billion in Dec. 2022.
