Elon Musk’s cream has as soon as once more risen to the very high Thursday after his competitors for world’s richest particular person, LVMH CEO Bernard Arnault, had his worth slip to a paltry $187 billion.
Musk and Arnault, who heads up a company devoted to luxurious manufacturers like Louis Vuitton and Dior, are sometimes battling it out for high spot on Bloomberg’s Billionaires Index. Arnault spent a number of months within the high house as luxurious items flew off the cabinets, however the inventory has accomplished fairly in addition to Tesla’s in current months. Though it was reported at present that Musk’s most up-to-date acquisition, Twitter, misplaced two-thirds of its worth following the sale, Musk is again on high. The golden horde Musk sits on high of rose by $55.3 billion over this time final yr, whereas Arnault’s solely rose $24.5 billion. In third is our yacht-owning good friend Jeff Bezos at $144 billion adopted by Invoice Gates at $125 billion and CEO of Oracle Larry Ellison with $118 billion.
Musk dropped to quantity two late final yr, when Tesla shares sank. An enormous chunk of Musk’s wealth is tied up in Tesla inventory, which took a beating because of tender gross sales and unhealthy press following the Twitter sale. The inventory dropped 56 p.c over December 2021, all the way down to an unheard-of-for-Tesla worth of $108. At this time, Tesla inventory is buying and selling at $206. Musk additionally pulled a wage of $56 billion from Tesla final yr.
It’s a superb factor that each one this immense wealth hasn’t gone to Musk’s head. It’s not like he thinks $100,000 is affordable for nearly everybody seeking to take a trip to Mars. Or that charing prospects $15,000 for a merely aspirational software program is only a drop within the bucket. Or spend $44 billion on a social media web site only for the lolz.