Elon Musk Is World’s Richest Man Again After Over 90% Surge In Tesla Stock

Throughout the last quarter of 2022, the Tesla boss bought Twitter for $44 billion. But a string of whimsical decisions and layoffs later, Elon Musk lost the world’s richest title, bleeding $200 billion in net value over the course of November and December. It was even dubbed by the Guinness World Record as the most important lack of wealth in recorded history. Louis Vuitton boss Bernard Arnault surged past Musk to develop into world’s primary richest, while Twitter’s recent overlord stared on the grim plight of Tesla stocks he had so relied on.

Nonetheless, 2023 had been quite kinder to the 51 12 months old billionaire. With over a 90% surge in Tesla prices, Musk has overtaken fashion mogul Arnault to reclaim the title of the world’s richest man. While Musk remains to be on the second spot on the Forbes Richest List, slowly closing in on Arnault, the SpaceX boss is on the highest spot on the Bloomberg Billionaires Index. On the Forbes list, the entire net value of Musk stands at $197.7 billion, while on the Bloomberg’s list it’s $187 billion. The YTD (12 months to Date) change in Musk’s net value is +$50.1 billion.

Meanwhile, it is not all rosy for the Tesla boss. Twitter remains to be a house on fire with more layoffs, at the same time as Tesla stares at a flurry of competition and roadblocks. Musk recently went ahead along with his eighth round of layoff, something now other BigTech are emulating. Will he sustain his numero uno position this 12 months?

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