Forbes Richest: Elon Musk About To Reclaim His Position Once More

Elon Musk, the CEO of Tesla and the owner of Twitter, seems to be making good progress toward reclaiming the title of the world’s richest person in terms of net worth.

The dramatic climb in Tesla shares over the past month has resulted in a sharp increase in Musk’s net worth.

Elon Musk’s net worth is currently listed at $186 billion, according to the Bloomberg Billionaires Index, just $3 billion behind Bernard Arnault, who is officially the richest person in the world with a net worth of $189 billion.

This year, Elon Musk’s net worth increased by $45 billion.

This is primarily because TSLA shares, which increased for the eighth straight day on Thursday, have a significant impact on Musk’s net worth.

Meanwhile, Elon Musk’s net worth was also reduced last year by the sharp 65% decline in Tesla stock.

Elon Musk, who was then ranked as the world’s richest person by net worth, was surpassed by Arnault in 2022 after Tesla shares fell.

This occurred in December when Tesla shareholders criticized Musk’s actions on Twitter, and shutdowns at the Gigafactory in Shanghai increased worries about demand.

Tesla shares had a big increase after the firm dropped the pricing of its vehicles, including top-selling models like the Model 3 sedan and the Model Y crossover, in 2022 following a 65% decline.

Elon Musk and other Tesla officials emphasized that the demand for the company’s goods is incredibly strong during the Q4 and FY 2022 earnings call, which was held last month after the electric vehicle manufacturer had released better-than-expected quarterly results.

With the approaching Investor Day event on March 1, Tesla may soon experience further positive factors. Elon Musk, the CEO, stated on Twitter that comments on Master Plan Part 3, which is focused on Tesla reaching extreme size, would be part of Investor Day.

Sections of Master Plan Part 3 will also be devoted to Elon Musk’s other businesses, like SpaceX and The Boring Company.

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