Elon Musk Reclaims World's Richest Person Title As Tesla Stock Surges Nearly 100% This Year
Nearly two and a half months after losing the position, Elon Musk has reclaimed the world¡¯s richest title. Musk, who had become the world¡¯s first person to lose $200 billion in net worth, has now replaced Louis Vuitton Group chairman Bernard Arnault as the world¡¯s richest person. It's been a good start to 2023 for Musk, as his wealth has jumped over $50 billion this year, thanks to Tesla¡¯s stock surging nearly 100% this year.
Nearly two and a half months after losing the position in December 2022, Elon Musk has reclaimed the world¡¯s richest title.
Musk, who had become the world¡¯s first person to lose $200 billion in net worth last year, has now replaced Louis Vuitton Group chairman Bernard Arnault as the world¡¯s richest person.
Elon Musk Regains World's Richest Person Title
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Also Read: The Success Story Of Bernard Arnault
As per the Bloomberg Billionaire Index, Elon Musk now has a net worth of $187 billion, whereas second-placed Bernard Arnault has a net worth of $185 billion.
The list of billionaires on the world's 10 richest people list includes:
1.Elon Musk
Networth-$187 Billion
2.Bernard Arnault
Networth-$186 Billion
3.Jeff Bezos
Networth-$117 Billion
4.Bill Gates
Networth-$114 Billion
5.Warren Buffett
Networth-$106 Billion
6.Larry Ellison
Networth-$102 Billion
7.Steve Ballmer
Networth-$89.4Billion
8.Larry Page
Networth-$84.7 Billion
9.Carlos Slim
Networth-$83.2 Billion
10.Mukesh Ambani
Networth-$81.1 Billion
Tesla Stock Surges Nearly 100%
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It's been a good start to 2023 for Musk, as his wealth has jumped over $50 billion this year, thanks to Tesla¡¯s stock surging nearly 100% this year, thanks to Tesla¡¯s stock surging nearly 100% this year. The Tesla stock is up over 92% this year to date, which is a great recovery after the stock bled heavily last year, which was among the key reasons behind Musk losing billions of dollars in wealth in 2022.
Elon Musk also sold his Tesla shares four times last year. The surge in Tesla stock comes just before its first Investor Day event scheduled on March 1st at its Gigafactory in Austin, Texas.
At the event, Elon Musk is expected to unleash upon the world his latest master plan for the company¡¯s future. As per The Verge report, Musk has said the event is for "people and life on earth," adding that "it will be a message of good hope and positivity for the future."
Elon Musk's Promise To Twitter Employees
The world¡¯s richest person, Elon Musk, who has been repeatedly conducting layoffs at Twitter ever since he took over the social media platform in late October, has made a promise to the remaining employees.
Twitter and Tesla CEO Musk has promised remaining Twitter employees ¡°very significant¡± performance-based stock awards on March 24th, as per reports based on his internal memo. The memo titled ¡®Performance Awards¡¯ came on February 27 after the shock layoff of hundreds of employees, including loyalists and nearly the entire product team over the weekend.
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¡°This past week, we completed a difficult organizational overhaul focused on improving future execution, using as much feedback as we could gather from the entire company. Those who remain are highly regarded by those around them,¡± said the memo obtained by The Verge.
Twitter reportedly has around 2,000 employees at present, after Musk recently laid off about 200 of the remaining workforce of around 2300.
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