Elon Musk has regained his spot as richest person in the world, with his net worth reaching an estimated $187.1bn, according to the Bloomberg Billionaires Index.
Last year, the Tesla co-founder briefly lost the top rank to Bernard Arnault of luxury congolmerate LVMH, as shares in the automaker declined last winter.
But since 6 January this year, Tesla stock is up 100 per cent, driven by increased investor demand, customer interest in recently discounted Tesla models, and a better economic forecast, according to Bloomberg.
As recently as December, things looked very different for Mr Musk.
Between November 2021 and December 2022, the Twitter owner’s net worth fell by over $200bn, one of the largest losses of wealth in recent history.
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