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Elon Musk Takes Back His Throne As he becomes Richest Person In the World

Post by : Hillary Musyoki

Elon Musk becomes the richest person in the world again, per Bloomberg’s tally.

The Twitter CEO, was dethroned from the top spot by Bernard Arnault, CEO of French Luxury brand LVMH, in December last year, making Elon Must No.2 on the list for more than two months.

As of Monday of February, 2023, Bloomberg reports that a rally in Tesla stock has lifted Musk back to the top of it’s real-time Billionaire Index.

Musk’s Net worth was$187.1billon as of Monday after markets closed, according to Bloomberg, just topping the$184.3billion fortune of Arnault.


Photo// Elon Musk, Testa’s CEO becomes world’s richest man again. Photo Courtesy

Tesla Stock declined steeply last year amid Musk’s problem plagued acquisition of Twitter and a broader market downturn in tech, shares for the electric vehicle increased in 2023.

The CEO not only holds the title for richest person in world, he also holds a record for the biggest fortune ever lost by anyone in history.

In last year, Musk became the first person to lose$200billion in wealth-after his net worth dropped from$340B2021 to $137B in December 2022.

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