Elon Musk On The Cusp Of Reclaiming World's Richest Person Title As His Wealth Surges $42 Billion This Year

Last year in December, Tesla and Twitter CEO Elon Musk lost the world¡¯s richest person title to Louis Vuitton group chairman Bernard Arnault. The $44 billion Twitter acquisition and the bloodbath in Tesla shares were key reasons behind Musk¡¯s net worth plummeting last year, making him the first person in the world to lose $200 billion in net worth.

Elon Musk Close To Reclaiming Number 1 Rank

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Also Read: 10 Lesser Known Facts About World's Richest Person Bernard Arnault

But it seems that the new year 2023 has brought in a change of fortune for the billionaire. Elon Musk¡¯s net worth has shot up $42 billion this year to date, and he has been the billionaire who has added the most wealth to this fortune amidst the list of the world¡¯s richest this year, as per the Bloomberg Billionaire Index. With this mammoth rise in his net worth this year, Elon Musk is again closing in on reclaiming the title that he lost two months ago.

World¡¯s second richest person, Elon Musk¡¯s net worth currently is $179 billion, having added $42 billion this year to date. He is just behind number 1 ranked Bernard Arnault who has a net worth of $185 billion, and has added $23.4 billion this year to date.

List Of the World's 10 Richest People

Here¡¯s the list of the world¡¯s 10 richest persons.

1. Bernard Arnault-$185 Billion

Change in net worth this year: +$23.4 billion

2. Elon Musk-$179 billion

Change in net worth this year: +$42 billion

3. Jeff Bezos-$121 billion

Change in net worth this year: +$14.5 billion

4. Bill Gate- $116 billion

Change in net worth this year: +$6.62 billion

5. Warren Buffett-$109 billion

Change in net worth this year: +$1.14 billion

6. Larry Ellison-$101 billion

Change in net worth this year: +$9.56 billion

7.Steve Ballmer-$93.7 billion

Change in net worth this year: +$7.88 billion

8. Larry Page-$88.8 billion

Change in net worth this year: +$5.91 billion

9. Sergey Brin-$85.0 billion

Change in net worth this year:+$5.63 billion

10. Carlos Slim-$82.4 billion

Change in net worth this year: +$8.09 billion

Rise In Elon Musk's Wealth This Year

51-year-old Musk had seen his wealth plummet to $137 billion by the end of 2022, indicating a fall of over $200 billion in 14 months since his net worth peaked at $340 billion in November 2021.

But in this new year 2023, Musk's net worth has been shooting up again, with Tesla shares being the key reason behind this jump. After bleeding heavily last year, Tesla shares have recovered and jumped over 80% this year to date.

cnbc/getty

In fact, in the last week of January 2023, when Elon Musk gave testimony in San Francisco about his 2018 Tesla go-private tweet, his wealth shot up by about $10.6 billion in just two days.

If Musk's wealth continues to grow the way it has to date this year, he certainly seems to be on the cusp to reclaim the title of being the world's richest person pretty soon.

Also Read: Timeline Of Elon Musk-Twitter's $44 Billion Deal

Ambani & Adani In Rich List

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Indian billionaire Mukesh Ambani is at rank 11 with $80.3 billion net worth on the list, having lost over $6 billion this year to date. Mukesh Ambani is currently the richest Asian and Indian.

On the other hand, the Hindenburg research report¡¯s allegations, which rattled the Adani group, have pushed the conglomerate¡¯s Chairman Gautam Adani to the 21st position, with $55.8 billion net worth, having lost a mammoth $64.7 billion this year to date.

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