Elon Musk reclaims world’s richest person title
...as wealth rises to $447bn
Elon Musk, chief executive officer (CEO) of Tesla, an electric vehicle company, has reclaimed the world’s richest person title.
According to the latest Bloomberg Billionaires Index, the South African-born American billionaire overtook Jeff Bezos, Amazon CEO, to cross a threshold of over $400 billion — the first time ever.
The net worth of Musk rose to $447 billion on Thursday — over $190 billion more than Bezos, who has held the top spot since early this year, according to the Bloomberg index.
On December 11, Tesla shares closed at a record high, hitting $424.77.
Also, xAI, Musk’s artificial intelligence startup, more than doubled in value in November amid a new funding round, surging to $50 billion from a few months ago, according to the Wall Street Journal.
Musk, also the owner of X, the microblogging platform previously known as Twitter, is also Tesla’s largest individual shareholder.
The billionaire was an avid supporter of Trump during the campaigns leading up to the November 5 presidential election.
On November 13, Trump appointed Musk to lead a soon-to-be-established department of government efficiency (DOGE).
The president-elect had defeated Vice-President Kamala Harris after securing more than 270 of the electoral college votes required to win the poll.
