Elon Musk is back on the throne as the richest man in the world – E24

Elon Musk is back on the throne as the richest man in the world – E24

After the Tesla stock market rally on Monday, Elon Musk can once again call himself the richest man in the world.

published:

Elon Musk, the owner of the Tesla car, lost the title of the world’s richest person to France’s Bernard Arnault in December.

Arnault controls the French group LVMH, which is behind luxury brands such as Hennessy, Dior, Louis Vuitton, Dom Perignon and Hublot.

On Monday, Musk returned to the No. 1 spot According to the Bloomberg Billionaires Index. According to Bloomberg, Musk has a net worth of $187.1 billion after the stock market closed on Monday.

Electric car company Tesla ended the day 5.46 percent higher on Wall Street.

The increase came after the company announced on Monday that the production target for the Berlin plant had been reached faster than expected. The plant now produced 4,000 Model Y cars in one week. Thus, Tesla increases the target to 5,000 cars per week.

Musk’s wealth peaked in November 2021, when his net worth was $340 billion. At the beginning of this year, he was worth $137 billion, Bloomberg wrote.

Twisted Twitter purchases

The Tesla owner has recently become an increasingly controversial figure, especially after his Twitter takeover. The acquisition itself was also not clear.

Musk first made the $44 billion bid for all of Twitter in late April. A few weeks later, the founder of Tesla announced that the deal was suspended and opened to carry out the acquisition at a lower price.

See also  - Demand decreased - E24

Musk announced this summer that he was canceling the entire acquisition, after the billionaire raised questions about the number of spam users and bots on the platform.

That sparked a lawsuit from Twitter that Musk had to comply with the agreement.

Finally, Musk confirmed in early October that he would move forward with the acquisition of Twitter, on the condition that the lawsuit from Twitter be stopped immediately. The end result was that the acquisition took place at the original price of $54.2 per share. stock.

Tesla shares fell sharply shortly after the acquisition, but rose throughout October. On October 27, Musk chose to remove Twitter from the exchange.

Read also

Elon Musk is no longer the richest person in the world

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

Leave a Reply

Your email address will not be published. Required fields are marked *