Elon Musk Reclaims World’s Richest Person

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

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.

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

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

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

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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