Elon Musk reclaims title of world’s richest man after Tesla shares rise

Twitter owner's net worth reportedly grows to $187bn after precipitous drop in late 2022

Elon Musk is once again the world's richest man after a rally in Tesla's stock price on Monday boosted the Twitter owner's net worth by nearly $7bn to $187bn, according to the Bloomberg Billionaires Index.

Musk's recovery of the top spot from the French luxury goods magnate Bernard Arnault follows a precipitous drop in his wealth in late 2022, when he became the first person ever to amass and then lose $200bn. His wealth peaked at about $340bn in November 2021 and fell to about $128bn at the start of 2023.