2023 is off to a good start for the CEO of five companies.
After a brief drop to the number two position last year, Elon Musk has reclaimed the top spot on2022 was rather a forgettable year for Musk, who made theafter the stock price of his electric vehicle making company, Tesla, tanked. Musk, who also acquired the social media platform Twitter after a brief legal wrangle, had no one else but himself to blame since investors viewed the Twitter buy as a distraction. Tesa shared dipped by as much as 65 percent last year, and so did Musk's net worth.
After much back and forth, the paid premium subscription service, Twitter Blue, was launched last year, and it seems to be doing pretty well sinceAs the din at Twitter seems to be quieting down, investors are being drawn back to Tesla stock, which began the year at $108 but closed at $207 after yesterday's trading. During this time, Musk has added $50 billion to his personal worth, as per Bloomberg's estimates, and regained the top spot on the Billionaire's List.
Musk displaced Bernard Arnault, the CEO of the French multinational holding company, LVMH, which has some of the world's top luxury and fashion brands as its subsidiaries. Musk, who has an estimated $2 billion lead over Arnault at the moment, would be keen to extend it over the coming days. The Tesla stock could rally further on a civil trial ruling that clears Musk of any liability over a 2018 tweet that claimed that he was taking the EV maker private. Musk seems to be in a better mood these days, returning to posting memes and not just work updates.
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