Musk lost his title of the richest person in the world in December 2022. He was dethroned by Bernard Arnault (73), the founder of Louis Vuitton Moët Hennessy, the largest luxury brand conglomerate in the world.
Musk’s wealth is boosted by Tesla’s stock price rising nearly 70 percent this year, Bloomberg writes. Shares are said to be up about 100 percent from their January 2022 low.
Tesla advanced by 5.5 percent to $207.63 around 4 p.m. New York time (10 p.m. Belgian time) on positive reports about the plant in Grünheide near Berlin. More than 10,000 people are now employed there and 4,000 cars roll off the production line every week. However, the goal has not yet been achieved. Tesla wants to produce half a million cars annually in Grünheide with 12,000 employees.
The increase increased Musk’s net worth to $187.1 billion, according to Bloomberg, surpassing Arnault’s personal fortune of $185.3 billion.
LOOK. Elon Musk booed “by 80 percent of the public”
