Elon Musk Reclaims Title Of World’s Richest Person As Tesla Stock Hits An 8-Month-High

According to Bloomberg’s Billionaires Index, Tesla and SpaceX CEO Elon Musk has once again overtaken Amazon founder Jeff Bezos as the world’s richest person thanks to Tesla’s soaring stock.

On Friday, Tesla’s shares closed at $843.03 per share, a 3% increase on the day which takes the EV maker’s year-to-date gains to approximately 20%. Tesla’s soaring stock boosted Musk’s net worth up to $236 billion, trumping Bezos’ current $196 billion fortune.

Musk’s fortune has risen by $60 billion this year alone, driven by Tesla’s robust performance as well as a recent stock sale at SpaceX took the aerospace company’s valuation to above $100 billion, making it the second-most valuable private company in the world. 

Musk and Bezos have long been battling it out for the top spot on the Billionaires Index, frequently switching places as one eclipses the other’s fortune.

At the time of writing, LVMH CEO Bernard Arnault stands in third place with a net worth of $160 billion, while Microsoft co-founder Bill Gates stands in fourth place with a net worth of $132 billion. Facebook co-founder and CEO Mark Zuckerberg currently holds the 6th position on the index, with a fortune of $127 billion.

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