Elon Musk Reclaims World’s Richest Person

Elon Musk has moved back to the top of the rankings of the world’s richest people.

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The rise in Tesla shares has led Musk to reclaim the crown he lost last year, but on paper he still has a big loss to show for it.

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Tesla TSLA –0.91% (ticker: TSLA) stock is up around 69% this year.

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That has driven Musk’s net wealth to around $187 billion, according to the Bloomberg Billionaires Index.

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Tesla Stock Is Stuck. A Battery Deal Can’t Offset Weak China Sales.

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The news sent L&F stock soaring almost 9%, lifting the company’s market value by roughly $500 million to almost $6 billion.

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