Elon Musk has regained his spot as the world’s richest person after briefly losing it to the French tycoon behind luxury-goods powerhouse LVMH, Bernard Arnault.
The CEO of the French luxury brand, Louis Vuitton, dethroned the Tesla boss, pushing him to the number two spot for more than two months.
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According to Bloomberg, a surge in Tesla stock has catapulted Musk back to the top of the Billionaires Index.
Musk’s wealth was boosted nearly 70% surge in Tesla Inc.’s stock price this year, about 100% from its intraday low on January 6 as investors pile back into bets on riskier growth stocks amid signs of economic strength and a slower pace of Federal Reserve interest-rate increases.
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