With the Tesla shares going up, once again billionaire Elon Musk has reclaimed the title of the richest person in the world. Musk surpassed France's Bernard Arnault, CEO of luxury brand LVMH.
As per the Bloomberg Billionaires Index, a daily ranking of the world's richest people, there has been 90 per cent surge in Tesla Inc's stock price this year.
After markets closed on Monday, Musk's net worth was around $187.1 billion just topping the $185.3 billion fortune of Arnault, reported Bloomberg.
Musk also holds the record for the biggest fortune ever lost by anyone in history as well, reported CNN. Musk had became the first person ever to lose $200 billion in wealth last year.
Musk had entered 2023 with a net worth of $137 billion.
The Bloomberg data had revealed that Tesla's gains have far outpaced the rally in the tech-heavy Nasdaq 100 Index which is up about 10 per cent in 2023.
The Tesla CEO Musk holds about 304 million excercisable stock options from his 2018 compensation package in the company.
In April 2022, Musk offered to buy Twitter Inc for $44 billion. The deal closed in October 2022. He is calculated to won about 79 per cent of the company based on external investors disclosed in May 2022.
Recently, Musk reportedly has approached AI researchers in recent weeks about forming a new research lab to develop an alternative to OpenAI's ChatGPT.
Musk has been recruiting Igor Babuschkin, a reasearcher who recently left Alphabet's DeepMind AI unit, reported Reuters.
Musk and Babuschkin have discussed assembling a team to pursue AI research but the project is still in early stages, with no concrete plan to develop specific products, the report quoting an interview with Babuschkin said.
