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Elon Musk is again the world's richest person

By Ratziel San Juan Published Mar 01, 2023 10:09 am

It's back to business for Elon Musk, the world's richest person—again.

The chief executive officer of SpaceX and Tesla reclaimed his spot at the top from LVMH chairman and chief executive officer Bernard Arnault, who earlier this year became the world's richest person when Musk lost $200 billion (P11 trillion).

Bloomberg on Feb. 28 reported that Musk's superlative status is saved after a nearly 70% surge in Tesla's stock price this year. Moreover, the figure is up by around 100% since its intraday low on Jan. 6.

It said that Musk's latest net worth was around $187.1 billion (P10.31 trillion) when markets closed on Feb. 27. This was enough to surpass the $185.3 billion (P10.21 trillion) worth of Arnault.

In November 2022, Forbes estimated Musk's net worth to have dropped to $194.8 billion (P10.74 trillion), marking a year low for the new Twitter owner.

His net worth drop was attributed to the purchase of the said social media network. This was based on speculative fear from investors pulling out shares at the time out of worry that Musk was too preoccupied with Twitter.

At the time, Musk was "only" the world's second richest person for over two months.