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Tesla's Elon Musk may soon recapture world's richest person title

The disclosure comes as Musk, 51, has narrowed the gap to Arnault to less than $10 billion amid signs of growing demand for Tesla's electric vehicles.

Elon Musk
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Elon Musk (Photo: Bloomberg)

Ben Stupples and Sophie Alexander | Bloomberg
Elon Musk is closing in on recapturing his title as the world’s richest person since falling behind Bernard Arnault in December, thanks to Tesla Inc.’s 70% rise this year. 
 
It may take a bit longer for Musk to overtake the French luxury-goods titan, though, after disclosing this week he gave 11.6 million Tesla shares to unnamed charitable causes between August and December. The stock was worth about $1.9 billion, based on closing prices on the days Musk donated the securities.

The disclosure comes as Musk, 51, has narrowed the gap to Arnault to less than $10 billion amid signs