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Elon Musk is close to reclaiming the title of world's richest person as Tesla stock soars 76% in 2023 | Business Insider

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The billionaire is close to the top spot again as the value of Tesla stock soars amid a broader rally in the tech sector.

The billionaire is close to the top spot as the value of Tesla stock soars amid a broader rally in the tech sector. For more stories, go toThe 51-year-old chief exec, whose net worth is largely wrapped up in Tesla stock, is close to recapturing the spot as the electric-vehicle maker's shares surge. Tesla is up 76% year-to-date amid a broader rally in the tech sector and signs of growing demand for the company's cars.

Musk could dethrone French business magnate Bernard Arnault, who is the founder of the world's largest luxury goods company, LVMH Moët Hennessy Louis Vuitton, andMusk was worth $187 billion, as of February 14, just trailing Arnault's $190 billion.

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