Elon Musk regains his title as the richest person in the world

() — Elon Musk regained the title of the richest person in the world, according to Bloomberg calculations.

The Tesla CEO had lost first place to Bernard Arnault, CEO of French luxury brand LVMH in December 2022, leaving Musk second on the list for more than two months. However, according to Bloomberg reports, the rise in Tesla shares through Monday propelled Musk back to the top of the Bloomberg Billionaires Index.

Musk’s net worth was $187.1 billion as of the close of business Monday, according to Bloomberg, narrowly surpassing Arnault’s $185.3 billion fortune.

While Tesla shares took a nosedive last year, following Musk’s troubled takeover of Twitter and a general slowdown in the technology market, shares of the automaker have risen in 2023.

Although Musk currently holds the title of the richest person in the world, he also held the record for the greatest fortune lost by anyone in history. Late last year, Musk became the first person to lose $200 billion in wealth, after his net worth fell from about $340 billion in November 2021 to $137 billion in December 2022. .