Elon Musk has reclaimed the spot of the richest person in the world.
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This is according to Bloomberg Billionaires Index’s updated figures released on Thursday.
The Tesla CEO saw his wealth jump 40.3% this year to $192 billion, after shares of the electric car maker rose about 24% in May, according to Eikon data.
Musk was knocked out of first place by Bernard Arnault in December, after shares of Tesla fell following his $44 billion acquisition of Twitter.
It is understood that Musk who owns social media company Twitter has most of his wealth tied to Tesla’s stock and he is also the CEO of rocket manufacturer SpaceX.
Musk left Shanghai on Thursday after a high-profile two-day visit.
While in China, he met with foreign minister Qin Gang and other Chinese officials.
According to analysts, the visit, which comes amid simmering U.S.-China tensions, was a sign China is an important market to Tesla.
The Tesla CEO saw his wealth jump 40.3% this year to $192 billion, after shares of the electric car maker rose about 24% in May, according to Eikon data.
Musk was knocked out of first place by Bernard Arnault in December, after shares of Tesla fell following his $44 billion acquisition of Twitter.
It is understood that Musk who owns social media company Twitter has most of his wealth tied to Tesla’s stock and he is also the CEO of rocket manufacturer SpaceX.
Musk left Shanghai on Thursday after a high-profile two-day visit.
While in China, he met with foreign minister Qin Gang and other Chinese officials.
According to analysts, the visit, which comes amid simmering U.S.-China tensions, was a sign China is an important market to Tesla.
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