TORONTO – Elon Musk, CEO of Tesla and SpaceX, has recaptured the title of “the richest person in the world,” surpassing French luxury goods mogul Bernard Arnault, the president of group LVMH.

According to Forbes magazine’s list of the world’s richest people, Musk’s net worth increased by 1.75 percent as of noon local time to USD240.7 billion.

The increase in the valuation of Tesla shares by more than 2.5 percent had an impact on Musk regaining the title.

The wealth of Arnault, chairman of luxury goods giant LVMH, which owns Louis Vuitton, Christian Dior and Tiffany, fell more than 1 percent to USD234.9 billion.

Jeff Bezos, the founder of Amazon and the richest person in the world for a while, took third place with a fortune of USD151.9 billion.

Bezos was followed by Oracle founder and former CEO Larry Ellison with USD148.1 billion, Microsoft founder Bill Gates with USD120.6 billion and Berkshire Hathaway CEO Warren Buffet with USD117.3 billion.

Musk, who bought Twitter for USD44 billion last year, changed the company’s logo from “blue bird” to the letter “X” on Sunday and directed the domain name to the site. (Anadolu)