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Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. REUTERS/Michele Tantussi
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Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. REUTERS/Michele Tantussi
Elon Musk has reclaimed his title as the world’s richest person.
He gains back his throne as per the Bloomberg Billionaires Index as of 3 June.
The Bloomberg Billionaires Index is a daily ranking of the world’s richest people, which estimates the Tesla CEO’s net worth to be about $199 billion, compared to LVMH CEO Bernard Arnault’s $191 billion.
The figures are updated at the close of every trading day in New York.
For months, the two “centibillionaires” – a term coined for people with fortunes of over $100 billion – have been in a close race for the top position.
In September 2021, thanks to a surge in Tesla stock price, Musk surpassed Amazon CEO Jeff Bezos and became the world’s richest person for the first time.
After Tesla’s stock dropped more than 50% in a matter of months, he was overtaken by Arnault in December last year.
Until an April pause in a surge in Tesla shares, he briefly regained the top spot in March, reports Investopedia.
Stock in Tesla has gained approximately 64% so far this year after losing steam in April.
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