Tesla Chief Executive Officer, Elon Musk, has regained his title of the richest man in the world, after losing it for 82 days.
He had lost the title to French billionaire, Bernard Arnault, CEO, of LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury goods company, on December 8, 2022, steming from controversies surrounding his Twitter ownership, which led to a sell-off of Tesla shares and a decline in his wealth ever since.
The share price of Telsa stocks increased by a whopping 100% after 8 hours of trading, putting Musk’s wealth at $187.1 billion as of Monday after markets closed, according to Bloomberg, just topping the $185.3 billion fortune of Arnault.
Musk did not have an easy climb up the ladder, Arnault’s wealth recorded a whopping loss of $10 billion within one week, between Sunday, February 19 and Saturday, February 25.
As of today, here are the top five richest men in the world:
1. Elon Musk – $187bn
2. Bernard Arnault – $185bn
3. Jeff Bezos – $117bn
4. Bill Gates – $114bn
5. Warren Buffett – $106bn.