The controversial Elon Musk has returned to the leadership of the ranking of millionaires, after Tesla has registered a 100% rally in electric car factory shares from its minimum in January.
Tesla shares rose yesterday 5.5% to $207.63 dollarsraising Musk’s net worth.
In information released by Bloomberg, Musk would have recovered the title of the richest person in the world, because according to the calculations of the specialized media, Musk’s fortune totaled $187.1 billion at the close of business this Mondaysurpassing the $185.3 billion fortune of Frenchman Bernard Arnault.
After a few difficult months, Musk had lost the leadership of millionaires to the owner of LVMH. Last December Bernard Arnault, had displaced Musk to second place while trying to bring order to his recent acquisition of Twitter.
But now with the rebound in Tesla shares, the South African-American businessman has returned to the distinguished position of Bloomberg Billionaires.
Musk knows what it is to own the world’s largest fortune and to earn large amounts, but he also knows the taste of losses, because last year saw about $200 billion of his wealth disappearafter a difficult year in which he bought the social network that is still trying to get it up and running, an economic slowdown that has especially affected technology companies and complications in all his companies.
Today his fortune has been favored by the price of Tesla’s shares, a company in which he is betting heavily and which is guiding the future of many automotive companies that are rapidly heading towards the production of electric vehicles.
By the way, Musk could be announcing a new investment in Mexico very soonwhere he wants to build a plant and an ecosystem of companies to continue the development of Tesla.
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