According to the Bloomberg Billionaires Index, Elon Musk, the CEO of Tesla, has become the richest person in the world again. This means he has surpassed Bernard Arnault, the CEO of LVMH, a luxury goods company from France, whose share gains have reduced to 19.7% this year.
During the past week, Musk’s wealth grew rapidly to $192 billion due to a 65.6% increase in the value of Tesla’s shares. This increase in value is significant as Musk owns about 13% of Tesla.
In December of last year, Arno was ranked higher than Musk on the list of the world’s wealthiest individuals. This was because Tesla’s stock prices dropped after Musk’s purchase of Twitter for $44 billion.
According to a new report from “Bloomberg”, the value of “Twitter” has dropped to one-third of the value at which Musk bought the company. This has resulted in him losing a significant number of his shares from the electric car company, in which he once had over 22% ownership before purchasing “Twitter”.
Since the beginning of this week, which ends tomorrow on Friday, Musk’s wealth has grown by $13 billion. So far this year, his wealth has increased by 40.3%.
As of now, Musk’s wealth is about $148 billion lower than the record level it reached in November 2021, which was $338 billion.
Arno’s fortune is now $187 billion, which is $5 billion less than the co-founder of Tesla.
