Elon Musk reclaims top spot as world's richest person
Musk is the third person to surpass the $200B milestone, following Jeff Bezos and Bernard Arnault
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Elon Musk has reclaimed the title of the world's richest person.
According to Forbes' real-time billionaire's list, the Tesla and SpaceX founder now has a fortune of $200.4 billion, surpassing Amazon and Blue Origin founder Jeff Bezos' $193.1 billion, LVMH Moët Hennessy – Louis Vuitton SE CEO Bernard Arnault and family's $174 billion, Microsoft co-founder Bill Gates' $129.3 billion, and Facebook CEO Mark Zuckerberg's $121.8 billion.
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The increase in Musk's fortune has been largely tied to the stock market success of Tesla. Musk owns approximately one-fifth of the electric vehicle maker.
In 2020 alone, shares of Tesla rose approximately 720%. Shares of Tesla closed at $777.56 apiece at the end of Tuesday's trading session, up more than 6% year-to-date and 85% in the past year.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 352.56 | +12.92 | +3.80% |
In addition, Musk's fortune is tied to SpaceX, which was valued at roughly $74 billion as of a February funding round, a $37.5 million mansion in Hillsborough, California, and a roughly $50,000 primary home located in Boca Chica, Texas, and rented through SpaceX.
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Musk is the third person to surpass the $200 billion milestone, following Bezos in August 2020 and Arnault for a short period of time last month. He first became the richest person in the world in January, before being dethroned by Bezos a month later.