Tech billionaire Elon Musk has regained his title as the world’s richest person, according to reports from various news sources. This comes after a surge in Tesla’s stock prices added an estimated $7 billion to his wealth.
Musk, who is the founder and CEO of Tesla and SpaceX, has now surpassed the wealth of French businessman Bernard Arnault, who had briefly overtaken Musk as the world’s richest person earlier this month.
According to reports, Tesla’s market value has risen to over $1 trillion, making it one of the most valuable companies in the world. Musk’s personal net worth is now estimated to be around $202 billion, according to the Bloomberg Billionaires Index.
This is not the first time that Musk has been named the world’s richest person. In January 2021, he overtook Amazon CEO Jeff Bezos as the wealthiest person on the planet, but he lost the title a few months later.
Musk’s rise to the top of the wealth rankings can be attributed to his ownership of a large stake in Tesla, which has seen its stock prices rise significantly over the past year. The company has also announced plans to expand production and launch new electric vehicles, which has generated positive investor sentiment.
However, Musk’s wealth has also been a topic of controversy, with some critics arguing that his vast fortune is a reflection of an unequal economic system. Musk has also faced criticism for his public comments, including tweets about cryptocurrency and the COVID-19 pandemic.
Despite this, Musk remains a high-profile figure in the tech industry, known for his ambitious projects and innovative ideas. His latest achievement in reclaiming the title of the world’s richest person is just another milestone in his impressive career.
It remains to be seen whether Musk will be able to maintain his top spot in the wealth rankings in the coming months as the global economy continues to face challenges from the COVID-19 pandemic and other economic factors. Nonetheless, for now, he can enjoy the title of the world’s richest person once again.