The Tesla CEO is back on top after beating out Bernard Arnault.
The switcheroo is in large part thanks to Tesla’s successful start to the year. Demand is growing for the company’s electric vehicles, and its stock had risen a whopping 92 percent as of February 27. As a result, since January 1, Musk has gained $50.1 billion. It’s an impressive turnaround for the Tesla chief, whothe first person to lose $200 billion earlier this year. Still, his current net worth is down from its peak of more than $300 billion in late 2021.
Part of the overall decline was due to Musk’s contentious purchase of Twitter, for which he sold more than $20 billion of Tesla stock. And he may have one-upped Arnault even faster had he not given 11.6 million Tesla shares to a unnamed charity, a move he disclosed recently. Donated between August and December, the stock was worth about $1.9 billion,
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