In December of last year, Tesla CEO Elon Musk was deposed from the top spot by Bernard Arnault, CEO of French luxury brand LVMH (LVMHF), making Musk No. 2 on the list for more than two months. Bloomberg reports that a rally in Tesla stock has returned Musk to the top of its real-time Billionaires Index as of Monday.
According to Bloomberg, Musk’s net worth was $187.1 billion as of Monday after markets closed, just surpassing Arnault’s $185.3 billion fortune.
While Tesla (TSLA) stock fell sharply last year as a result of Musk’s troubled acquisition of Twitter and a broader market downturn in technology, shares of the electric vehicle manufacturer have since surged in 2023.
Musk may be the world’s richest person right now, but he also has the record for the largest fortune ever lost by anyone in history. Musk became the first person in history to lose $200 billion in wealth late last year, when his net worth fell from $340 billion in November 2021 to $137 billion in December 2022.
This month, Musk also tweeted that Twitter was “trending to break even” and that he needed to “save” the platform from bankruptcy. Musk is still facing legal claims from laid-off Twitter employees, as well as lawsuits from landlords alleging that the company’s offices are behind on rent.
Musk previously defeated Amazon founder Jeff Bezos to become the world’s richest person in 2021. The trio of Musk, Arnault, and Bezos have alternated at the top of the Bloomberg Billionaires Index.