Bernard Arnault Overtakes Elon Musk as World’s Richest Person

Elon Musk reclaimed the title of world’s richest person on Monday, overtaking Amazon CEO Jeff Bezos who had held the top spot since October 2017. Musk’s net worth surged to $199.9 billion after Tesla’s shares rose by more than 6% on Monday, boosting his wealth by $7.8 billion. Musk’s journey to the top of the rich list has been fueled by a series of successful business ventures, including Tesla, SpaceX, and The Boring Company. Tesla, in particular, has been a key contributor to Musk’s wealth, with the electric vehicle maker’s stock price increasing by more than 700% in 2020 alone. … Continue reading Bernard Arnault Overtakes Elon Musk as World’s Richest Person