Electric car

Elon Musk becomes the world’s richest person… again – thanks to Tesla

Tesla CEO Elon Musk is the world’s richest person again, after shares of the electric car maker rose about 24% in May, according to latest data released today.

Musk’s fortune climbed around 40% year-on-year to $192 billion, this according to the Bloomberg Billionaires Index.

Musk vs LVMH

Musk previously lost first place to LVMH CEO Bernard Arnault after shares of Tesla fell dramatically after his $44 billion acquisition of Twitter. Most of Musk’s wealth is tied to Tesla’s stock.

He is also the CEO of rocket manufacturer SpaceX and owns social media company Twitter but the majority of his wealth is tied to Tesla Stock.

Amazon founder Jeff Bezos takes up third place on the ultra wealthy rich list.

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