Elon Musk has regained his title as the world’s richest person, according to the latest figures from the Bloomberg Billionaires Index.
As of Thursday, the Tesla CEO’s wealth has soared by an impressive 40.3% this year, reaching a staggering $192 billion. This substantial increase is attributed to the remarkable performance of Tesla’s shares, which surged approximately 24% in the month of May alone.
The major factor
Musk’s wealth primarily stems from his ownership stake in Tesla, amounting to around 13% of the company, as per FactSet data. The continuous growth and success of Tesla have played a pivotal role in Musk’s financial fortunes, propelling him to the top spot once again.
This latest development further underscores Musk’s remarkable entrepreneurial journey and his significant contributions to the electric vehicle industry. As an innovator and visionary, he has not only revolutionized the automotive sector but also made substantial strides in the fields of renewable energy and space exploration.
Also read: Elon Musk Commends Islam’s Role In Scientific Advancements
Musk’s regained status as the wealthiest individual on the planet serves as a testament to his relentless drive and ambition, solidifying his position as a prominent figure in the business world.
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