Elon Musk Reclaims Title as World's Richest Person


Elon Musk is once again the richest person in the world, after losing the title to Frenchman Bernard Arnault.

Following price cuts on several models, the demand for electric cars (EVs) has increased.  The 70% increase in Tesla's stock price this year has helped Musk's fortune.

Musk's net worth increased to US$187.1 billion after Tesla shares surged 5.5% to US$207.63 at 4 p.m. in New York, according to the Bloomberg Billionaires Index.

That is more than the US$185.3 billion personal fortune of a 73-year-old French businessman, Arnault, who founded LVMH.