Elon Musk became the world's richest businessman: with a net worth of Rs 15.4 lakh crore, Arnault was overtaken, Tesla shares rose 90% this year


Posted on 28th Feb 2023 01:44 pm by rohit kumar

Tesla founder Elon Musk has regained the position of the world's richest person leaving behind Bernard Arnault of France. Tesla shares rose 5.5% to $207.63, boosting Musk's net worth. According to the Bloomberg Billionaires Index, Musk's total net worth has increased to $ 187.1 billion (about Rs 15.4 lakh crore).

 

Bernard Arnault, CEO of the world's largest fashion group Louis Vito Moet Hennessy (LVMH), has a net worth of $ 185.3 billion (about Rs 15.32 lakh crore). Arnault ousted Musk from the No. 1 position in mid-December. Since then he remained on top. Arnault is considered the godfather of the modern luxury fashion industry.

 

Tesla's stock increased by 90% this year

Tesla's stock has seen an increase of 90% this year. The share price had fallen to $108 in January. Now it is at $207. Musk's net worth was $ 137 billion (about Rs 11.33 lakh crore) at the beginning of the year due to the stock price down. Musk's net worth was seen declining since the Twitter deal in October 2022. On November 8, Musk's net worth came down below $ 200 billion (Rs 16.5 lakh crore).

 

Musk's net worth in 2021 was Rs 27.95 lakh crore

Musk became the world's richest businessman in November 2021 after the rise in Tesla shares. He achieved this position by defeating Amazon founder Jeff Bezos. On 5 November 2021, Musk's net worth reached $ 338 billion (about Rs 27.95 lakh crore). Then the price of one Tesla share was more than $ 400.

 

India's Mukesh Ambani in Top 10

Reliance Industries Chairman Mukesh Ambani is the only Indian who is included in the top ten list of Billionaires. Ambani is at number 10 with a net worth of $81.1 billion (Rs 6.70 lakh crore). Jeff Bezos is number three on the list, Bill Gates at fourth, and Warren Buffet at fifth. Indian businessman Gautam Adani, who once reached number three on the list, is at number 32 with a net worth of $37.7 billion (about Rs 3.11 lakh crore).

 

Also Read: No bar on media coverage in Adani-Hindenburg case: Supreme Court dismisses petition; Said – will give a decision soon on the formation of the committee

1 Like 0 Dislike
Previous news Next news
Other news

GRAP3: GRAP phase 3 restrictions re-implemented in Delhi-NCR, know what the instructions on BS3 petrol, BS4 diesel cars

The Commission for Air Quality Management (CAQM) on Friday, January 3 imposed Graded Response Act

Rajpal Yadav gets interim bail; court says he will be released permanently if he returns the money before March 18

The Delhi High Court on Monday granted interim relief to Bollywood actor Rajpal Yadav, giving his

Delhi: Huge uproar in the House during LG's address, all opposition MLAs including Atishi suspended for the whole day

Aam Aadmi Party MLAs created a ruckus during the address of Lieutenant Governor VK Saxena in the

Major action in Al-Falah University case: Chairman Javed Ahmed Siddiqui sent to 13-day ED remand; court convenes overnight

A special court in Delhi has remanded Javed Ahmed Siddiqui, chairman of the Al-Falah Group, to 13

Tiranga Yatra: CM Yogi said- Whoever points a finger towards India, there will be no one to cry at his funeral

Chief Minister Yogi Adityanath said that patience and unity are our biggest assets during a natio

Now, migration from the nation's capital! Toxic air makes 80% of residents sick, a frightening report on pollution in Delhi-NCR.

Breathing air in Delhi-NCR has become a luxury. A recent study by consumer research firm Smytten

Pakistan: Pakistan's special representative for Afghanistan resigns, citing personal reasons

Pakistan's Special Representative for Afghanistan Mohammad Sadiq on Wednesday resigned from his p

Support for the Waqf Amendment Act proved costly, mob set BJP leader Askar Ali's house on fire.

In Manipur, BJP leaders had to pay a heavy price for supporting the Waqf Amendment Act. The mob s

Pankaj Udhas: 'Will always be alive in our hearts...' Shatrughan Sinha expressed grief over the demise of Pankaj Udhas

Pankaj Udhas Passes Away: Famous ghazal singer Pankaj Udhas passed away on Monday 26 February. He

Turkey Boycott: India attacked with 'trade and travel', how much loss will Turkey suffer? Read the details here

A situation of war had arisen between India and Pakistan in the past few days. Both countries wer

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash