Tesla shares soar again, Elon Musk once again controls the throne of the world’s richest man

Suara.com – Elon Musk is back to being the number one richest person in the world after replacing Bernard Arnault, boss of French luxury fashion brand Louis Vuitton LVMH.

Quoting the Bloomberg Billionaires Index Sunday (4/6/2023) Musk’s wealth jumped 40.3 percent this year to US $ 192 billion dollars, or around IDR 2.84 quadrillion.

This increase in wealth is inseparable from the good performance of Tesla Inc.’s shares, which have shot up 24 percent until May 2023. Elon Musk himself is the majority owner of Tesla shares.

Musk, 51, owns nearly 14 percent of Tesla and more than 40 percent of SpaceX, while Arnault owns about 60 percent of LVMH Moet Hennessy Louis Vuitton.

Read Also: Tesla’s Share Value Rises, Elon Musk Takes the Position of 1 Richest Person in the World Shifts the Boss of Louis Vuitton

Amazon founder Jeff Bezos, 59, is in third place with a fortune of US$144 billion (Rp. 2.13 quadrillion).

Musk’s fortune jump was released after he visited China this week.

During a two-day visit to China, the US billionaire met with China’s Ministry of Foreign Affairs, Trade and Industry to discuss Tesla’s developments.

Musk, flying to Beijing for his first visit since 2020, also met with key battery supplier Contemporary Amperex Technology, and visited Tesla’s factory in Shanghai.

The visit follows the increased competition Tesla is currently facing with electric vehicles made in China. Several reports said that this condition caused uncertainty regarding Tesla’s expansion plans in Shanghai.

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Source: Suara.com – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by www.suara.com.

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