Elon Musk once again worlds richest person with net worth of $232 billion

Tesla and SpaceX chief executive officer Elon Musk has returned as the world’s richest man, recapturing the title from French luxury tycoon Bernard Arnault. Musk earned an additional $95.4 billion through Thursday’s close, boosted by the success of Tesla and SpaceX, after losing $138 billion in 2022, according to the Bloomberg Billionaires Index. Also Read: A single Musk megacompany? SpaceX, Tesla, and xAI could be heading for a merger

His net worth now exceeds Arnault’s by more than $50 billion after LVMH Moet Hennessy Louis Vuitton SE shares fell due to a global slowdown in demand for luxury products. As per the Index, Musk’s net worth is now estimated to be $232 billion. Also Read: Neuralink’s vision implant is almost ready: What the first human trial could look like

Amazon founder Jeff Bezos added more than $70 billion to his wallet this year and is now neck-and-neck with Arnault for second place, while Meta Founder and CEO Mark Zuckerberg’s fortune increased by more than $80 billion. Also Read: WhatsApp refutes Elon Musk’s allegations around message access: “Totally false...”

Arnault is the second richest in the world with a net worth of $179 billion, followed by Bezos ($178 billion), Microsoft co-founder Bill Gates ($141 billion), ex-Microsoft CEO Steve Ballmer ($131 billion), and Meta CEO Mark Zuckerberg ($130 billion). According to the Index, the collective net worth of the 500 richest persons increased by $1.5 trillion in 2023, entirely recovering from the $1.4 trillion lost the previous year.

The wealth of tech billionaires increased by 48 percent, or $658 billion, because of the enormous buzz around artificial intelligence. Musk is also now the sole owner of the social media company, X Corp, which was previously known as Twitter. Although the company is not breaking even, according to the company’s chief executive officer Linda Yaccarino, the top management believes the platform is on the right path to becoming profitable soon.

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— Written with inputs from IANS