According to Bloomberg’s calculations, Elon Musk has reclaimed the title of richest man in the world.
In December of last year, Bernard Arnault, CEO of the French luxury retailer LVMH (LVMHF), deposed the Tesla CEO from the top rank, placing Musk at No. 2 for more than two months. Yet as of Monday, according to Bloomberg, a surge in Tesla stock has sent Musk back to the top of the Billionaires Index.
According to Bloomberg, as of Monday after the markets closed, Musk’s net worth was approximately $187.1 billion, barely surpassing Arnault’s $185.3 billion fortune.
While Musk’s problematic acquisition of Twitter and a general tech sector slowdown caused Tesla’s (TSLA) stock to plunge last year, shares of the electric vehicle manufacturer have since soared in 2023.
Musk may be the richest man in the world right now, but he also holds the record for the largest fortune ever lost by a human being. Musk’s net worth dropped from around $340 billion in November 2021 to $137 billion in December 2022, making him the first person to ever experience a $200 billion wealth loss.
