Friday, March 29, 2024
HomeAutomobileTesla CEO Elon Musk is the world's richest particular person once more

Tesla CEO Elon Musk is the world’s richest particular person once more


Elon Musk is the wealthiest particular person on the planet once more.

Michel Euler | AFP | Getty Photographs

Elon Musk is the richest particular person on the planet once more, in response to Bloomberg Billionaires Index’s up to date figures Thursday.

The Tesla CEO noticed his wealth bounce 40.3% this yr to $192 billion, after shares of the electrical automobile maker rose about 24% in Might, in response to Eikon information. Musk owns about 13% of Tesla, in response to FactSet information.

Musk was knocked out of first place by LVMH CEO Bernard Arnault in December, after shares of Tesla fell after his $44 billion acquisition of Twitter. Most of Musk’s wealth is tied to Tesla’s inventory.

He’s additionally the CEO of rocket producer SpaceX and owns social media firm Twitter.

Musk left Shanghai on Thursday, after a high-profile two-day go to. Whereas in China, he met with foreign minister Qin Gang and different Chinese language officers. The go to, which comes amid simmering U.S.-China tensions, was an indication China is a vital market to Tesla, analysts have said.

In the course of the go to, Qin sought to assure Musk that China is open to foreign businesses and would proceed to supply a pleasant enterprise surroundings to them. Musk additionally reportedly signaled additional growth in China.

Inventory Chart IconInventory chart icon

hide content

How Tesla’s inventory carried out

Shares of Tesla closed 1.38% greater on Wednesday at $203.93.

Tesla’s inventory hit a two-year low in November when its share worth dropped to $167.87, the bottom since November 2020. It was partly resulting from a sell-off that accelerated within the wake of Musk’s takeover of Twitter.

LVMH’s Arnault now trails behind Musk because the world’s second richest man at $187 billion, adopted by Jeff Bezos, the billionaire founding father of Amazon, in response to Bloomberg information.



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments