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America March 2, 2023 2 mins read

Elon Musk is back on top as the world’s wealthiest billionaire 

America ı By Jackie Allen

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worlds richest person

According to Bloomberg, Elon Musk, the CEO of companies such as Tesla and Twitter, has once again become the world's wealthiest billionaire. He tops the list of the world's wealthiest people according to Bloomberg. 

Musk's net worth has soared to $187.1 billion, overtaking Bernard Arnault, CEO of luxury brand conglomerate LVMH, whose net worth is $182 billion.

Arnault took the top of the list from Musk last year when Tesla's shares fell in December. And they hit a low of $108.10 on January 3rd, 2023, according to Yahoo Finance. 

However, the carmaker's stock has been trending up since January closing at $207.63 on Monday, allowing him to regain his position as the world's richest person.

After a tumultuous year in 2022, which saw Musk purchase Twitter and a lawsuit by Tesla shareholders, the Tesla CEO has had a better start to 2023.

World's wealthiest billionaire

Earlier this month, Musk won a federal civil trial in San Francisco regarding his tweet in 2018 that he had "funding secured" to take Tesla private, although the transaction ultimately did not happen.

Musk has also recently tweeted that Twitter is "trending to break even" and that he had to "save" the platform from bankruptcy. However, Musk is still facing legal claims from laid-off Twitter employees. And lawsuits from landlords claiming that Twitter offices have fallen behind on rent.

This is not the first time that Musk has been the world's richest person. In 2021, he beat Amazon founder Jeff Bezos to take the top spot. Musk, Arnault, and Bezos have periodically swapped places at the top of the Bloomberg Billionaires Index.

Elon Musk's net worth has reached an all-time high of $187.1 billion, which makes him the wealthiest person in the world. With Tesla's stock trending up since January and Musk's success in the San Francisco civil trial, it remains to be seen whether he can maintain his position as the world's wealthiest person for the rest of 2023.

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Jackie Allen

Jackie is a freelance journalist and technology geek. She worked as a telecom project director for AT&T and BellSouth. Before joining the USA Herald she has written books, articles, blogs and whitepapers. Her clients include Samsung and other technology companies.

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