Elon Musk reclaimed the title of the world's richest person, overtaking French billionaire and LVMH CEO Bernard Arnault after Tesla stocks mounted a small recovery on Monday following a steep slump last week.
Tesla CEO Elon Musk's fortune rose by $5.5 billion on Monday, once again making him the world's ... [+]
Musk’s net worth grew by $5.5 billion on Monday, pushing his estimated net worth past $210 billion, according to Forbes’ real-time billionaires list.
The 74-year-old Arnault remains close behind, with an estimated net worth of $208.5 billion.
The sharp jump in Musk’s fortune occurred as Tesla’s share price rallied nearly 4.2% on Monday to $190.93, after plunging to $180 last week following worse-than-expected quarterly earnings.
Arnault overtook Musk last week after LVMH shares soared more than 13% on Friday after reporting strong sales for 2023.
Amazon founder Jeff Bezos is a distant third on the real-time billionaires list, with an estimated fortune of $183.4 billion
23.14%. The amount by which Tesla’s stock value has declined since the start of 2024. The slump follows last week's earnings report and Musk’s public demand, seeking more voting control in the company.