Elon Musk is the richest person in the world again
Written by Shresta Dutt on March 1, 2023
Elon Musk has reclaimed the title of the richest person in the world, per Bloomberg’s tally.
The Tesla CEO was unseated from the top spot by Bernard Arnault, CEO of French luxury brand LVMH (LVMHF), in December of last year, making Musk No. 2 on the list for more than two months. As of Monday, however, Bloomberg reports that a rally in Tesla stock has lifted Musk back to the top of its real-time Billionaires Index.
Musk’s net worth was some $187.1 billion as of Monday after markets closed, according to Bloomberg, just topping the $185.3 billion fortune of Arnault.
While Tesla (TSLA) 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 maker have since surged in 2023.
Elon Musk, chief executive officer of Tesla Inc., arrives at court during the SolarCity trial in Wilmington, Delaware, U.S., on Tuesday, July 13, 2021. Musk was cool but combative as he testified in a Delaware courtroom that Tesla’s more than $2 billion acquisition of SolarCity in 2016 wasn’t a bailout of the struggling solar provider. Photographer: Al Drago/Bloomberg via Getty Images
Elon Musk has lost a bigger fortune than anyone in history
Musk might hold the current title of the richest person in the world, but he also holds a record for the biggest fortune ever lost by anyone in history. Late last year, Musk became the first person ever to lose $200 billion in wealth — after his net worth slid from some $340 billion in Nov. 2021 to $137 billion in Dec. 2022.