Elon Musk Reclaims World’s Richest Person Title After Tesla Stock Surge.

image credit by Google image

Elon Musk has moved back to the top of the rankings of the world’s richest people

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The surge in Tesla TSLA +5.46% stock has led to Musk regaining the crown he lost last year

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esla (ticker: TSLA) stock is up around 69% this year.

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That has driven Musk’s net wealth to around $187 billion, according to the Bloomberg Billionaires Index.

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That pushes Musk above the $185 billion net worth of Bernard Arnault, the CEO of LVMH Moët Hennessy Louis Vuitton (MC.France), who took the top spot late last year.

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largely due to the decline in Tesla shares.

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Despite the recent rally, Musk –and smaller Tesla shareholders– are looking at a significant loss since the electric car maker reached its peak value in late 2021.

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That led Musk’s estimated wealth to peak at around $340 billion.

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