Washington: Tesla CEO Elon Musk has once again become the world’s richest person. He has achieved this position by defeating Bernard Arnault of France. Elon Musk’s net worth had steadily decreased since the Twitter deal and Tesla’s share price fell drastically.

Due to which he slipped to number two in the list of world’s billionaires. However, now he has once again achieved the number one position.

Musk’s wealth has jumped sharply this year with Tesla Inc’s stock rising nearly 70%. Tesla’s stock is up nearly 100% from its intraday low on January 6 as investors bet on stocks amid signs of economic strength and a slow pace of Federal Reserve interest rate hikes.

Along with this, after cutting car prices of many models of Tesla, the company has also benefited from the high demand for its electric vehicles.

According to the Bloomberg Billionaires Index, Elon Musk’s wealth has increased to $ 187 billion at the moment. While Bernard Arnault has reached the second place in the billionaire list with a net worth of $ 185 billion.

Elon Musk’s wealth has increased by $ 6.98 billion in the last 24 hours. At the same time, Musk’s wealth has increased by $ 50.10 billion since the beginning of this year i.e. 2023.

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