The Chief Executive Officer, CEO, of Tesla, an electric vehicle company, Elon Musk, has reclaimed the world’s richest person title.
In the latest Bloomberg Billionaires Index, the South African-born American billionaire overtook Amazon CEO, Jeff Bezos, to cross a threshold of over $400 billion, the first time ever.
According to the Bloomberg Index, Musk’s net worth on Thursday climbed to $447 billion, over $190 billion more than Bezos, who has held the top spot since early this year.
On December 11, Tesla shares closed at a record high, hitting $424.77.
According to the Wall Street Journal, Musk’s artificial intelligence startup, xAI, more than doubled in value in November following a new funding round, increasing to $50 billion from a few months ago.
Musk, the owner of X, the microblogging platform previously known as Twitter, is also Tesla’s largest individual shareholder.
The billionaire was a strong supporter of United States President-elect Donald Trump during the campaigns leading up to the November 5 presidential election.
Newspot recalls that on November 13, Trump appointed Musk to lead a soon-to-be-established Department of Government Efficiency, DOGE.
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