According to a Bloomberg Billionaires Index report, Elon Musk, CEO of Tesla, once again overtook the position of the wealthiest person in the world on February 28. The second-placed French business tycoon Bernard Arnault has a net worth of $185 billion, trailing Tesla CEO Elon Musk by $187 billion.
Elon Musk, the CEO of Tesla, was dethroned by Bernard Arnault, the CEO of LVMH, in December 2021 as the wealthiest man in the world. For further than two months, Musk occupied the No. 2 position. But as of Monday, a sudden surge in Tesla’s stock has returned him to the top position on Bloomberg’s Billionaires Index. This represents a resumption of the situation Musk occupied for several months before Arnault overtook him. As fortunes change due to changes in the market and corporate performance, the race to become a billionaire is still being carefully followed.
Bloomberg estimates that Musk’s net worth was just $187.1 billion as of Monday night, beating Arnault’s $185.3 billion fortune. Tesla’s (TSLA) stock fell last year as a result of Musk’s questionable purchase of Twitter as well as a general downturn in the tech sector, but shares of the electric vehicle maker have since soared in 2023.
Even though Musk currently holds the title of the richest man in the world, he also holds the mark for the biggest wealth ever lost by a person. His net worth decreased from roughly $340 billion as of November 2021 to $137 billion in December 2022.
According to Bloomberg’s Billionaires Index, Elon Musk has reclaimed his position as the richest individual in the world as a result of an increase in Tesla’s stock price. Musk had briefly lost the top spot to Bernard Arnault, CEO of LVMH, in December 2021. The billionaire race continues to be closely watched as fortunes fluctuate due to market movements and company performance.
