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The Guardian - US
The Guardian - US
Technology
Julia Carrie Wong

Elon Musk reclaims title of world’s richest man after Tesla shares rise

Elon Musk’s personal wealth primarily derives from stock in his electric carmaker, Tesla.
Elon Musk’s personal wealth primarily derives from stock in his electric carmaker, Tesla. Photograph: NTB/Reuters

Elon Musk is once again the world’s richest man after a rally in Tesla’s stock price on Monday boosted the Twitter owner’s net worth by nearly $7bn to $187bn, according to the Bloomberg Billionaires Index.

Musk’s recovery of the top spot from the French luxury goods magnate Bernard Arnault follows a precipitous drop in his wealth in late 2022, when he became the first person ever to amass and then lose $200bn. His wealth peaked at about $340bn in November 2021 and fell to about $128bn at the start of 2023.

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