The businessman regained the title of the richest man, surpassing the president of the LVMH group of companies, Bernard Arnault, whose fortune is 185.3 billion dollars.
Bloomberg notes that Musk’s assets rose due to Tesla’s stock price rising almost 70%. The company has also benefited from increased demand for electric vehicles after lowering prices for several models.
Note that Musk’s net worth peaked at $340 billion on November 4, 2021, and he remained the richest person in the world until Bernard Arnault passed him in December. Late last year, Elon Musk became the first person in history to lose $200 billion. His fortune was drastically reduced to $137 billion due to the fall in Tesla shares.
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