Again, Elon Musk becomes world’s richest person after losing $200bn - 9japarrot

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Tuesday, 28 February 2023

Again, Elon Musk becomes world’s richest person after losing $200bn

 


By Nurat Uthman


Elon Musk has reclaimed the title of the richest person in the world, per Bloomberg’s tally.


The Tesla CEO was unseated from the top spot by Bernard Arnault, CEO of French luxury brand LVMH (LVMHF), in December, 2022, making Musk Number 2 on the list for more than two months. As of Monday, however, Bloomberg reports that a rally in Tesla stock has lifted Musk back to the top of its real-time Billionaires Index.


Musk’s net worth was $187.1 billion as of Monday after markets closed, according to Bloomberg, just topping the $185.3 billion fortune of Arnault.


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.


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. December 2022, Musk became the first person ever to lose $200 billion in wealth — after his net worth slid from $340 billion in November, 2021 to $137 billion in December 2022.

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