According to Bloomberg’s statistics, Elon Musk has regained his position as the richest person in the world.
In December of last year, Bernard Arnault, CEO of the French luxury brand LVMH (LVMHF), overtook the Tesla CEO and made Musk the No. 2 have been on the list for more than two months. However, Bloomberg reports that Musk has returned to the top of its real-time Billionaires Index as of Monday due to a rally in Tesla stock.
According to Bloomberg, Musk’s wealth was just $187.1 billion as of Monday after markets closed, surpassing Arnault’s $185.3 billion fortune.
Tesla (TSLA) shares have surged in 2023, despite the steep decline in TSLA stock the previous year due to Musk’s problematic acquisition of Twitter and the overall tech market downturn.
Although Musk is currently the richest person in the world, he also holds the record for the largest sum of money lost by any individual in history. After his net worth decreased from approximately $340 billion in November 2021 to $137 billion in December 2022, Musk became the first person to lose $200 billion in wealth late last year.