Tesla CEO Elon Musk Regains Title as World’s Richest Man

Tesla CEO Elon Musk has regained the title of the world’s richest man, in keeping with the Bloomberg Billionaires Index, which tracks the day by day rating of the globe’s richest people, based on the stock prices of their corporations.

With Tesla stock rebounding from an unpleasant 2022 and has surged 24.58% previously month, and 92% year-to-date, Musk now sits atop the rating with a complete net price of $187 billion USD, with a $6.98 billion increase on Monday after the corporate’s stock went up 5.46% by the point of the closing bell.

12 months-to-date, Musk’s net price has increased by $50.1 billion, riding the rise of Tesla’s stock prices yet again. Sitting in second place now could be France’s Bernard Arnault, the CEO of luxury goods maker LVMH, price $185 billion USD.

Amazon’s Jeff Bezos sits in third place with $117 billion, Bill Gates in fourth at $114 billion and Warren Buffett at $106 billion, rounding out the highest five. Larry Ellison, Steve Ballmer, Larry Page, Carlos Slim and Muskeh Ambani take places sixth to tenth, respectively.

Musk lost his title of the world’s richest man back in December, after shares of Tesla continued to tumble at the tip of 2022, which coincided with the billionaire selling off 22 million shares of the automaker, price $3.58 billion to more likely to be used towards his latest Twitter acquisition.

Tesla and Musk are set to carry their highly anticipated Investor Day on March 1, where the corporate’s “master plan” part three will probably be unveiled, with many expecting it to be related to a breakthrough in mass market EV manufacturing.

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