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    Vikshita Vitthal Gujaran in News

    28-Feb-2023 05:05 AM


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    Elon Musk Is World's Richest Person Again After Tesla Stocks Surge

    Elon Musk has regained his spot as the world's richest person, after briefly losing the title to France's Bernard Arnault.
    Musk's wealth has been buoyed by a nearly 70% surge in Tesla Inc.'s stock price this year.
    Musk, 51, entered 2023 with a net worth of $137 billion, becoming the first person ever to lose $200 billion from their fortune and raising the prospect that he might struggle to reclaim his title as the world's richest individual.
    He gave 11.6 million Tesla shares to unnamed charitable causes between August and December, according to a disclosure in February.
    He said this month that he may need until the end of the year to stabilize Twitter's finances before handing off to a new CEO.
    "We believe there is strong demand for Tesla product even in the face of more EV competition," Narayan wrote.

    Source - https://www.ndtv.com/world-news/elon-musk-is-worlds-richest-person-again-after-tesla-stocks-surge-3820476