Bloomberg’s ranking of the world’s richest people has Elon Musk back at the top.
According to Bloomberg, Musk, the CEO of firms including Tesla and Twitter, is now worth $187.1 billion. He defeated LVMH CEO Bernard Arnault, surpassing the man whose personal net worth, according to the Bloomberg Billionaires Index, is $182 billion.
As Tesla stock dropped in December of the previous year, Arnault succeeded Musk as CEO. According to historical data on Yahoo Finance, on January 3, 2023, the price of Tesla stock fell to a low of $108.10. The stock of the automaker ended Monday at $207.63.
Musk had had a better 2023 so far after last year’s turmoil when he purchased Twitter, following some doubt about whether he’d follow through on the acquisition and a lawsuit at the time by Tesla shareholders.
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In a federal civil trial earlier this month in San Francisco, he won the argument that he shouldn’t be held accountable for tweeting in 2018 that he had “financing secured” to take Tesla private, even though the transaction never happened.
This month, Musk tweeted that the social media network was “trending to break even” and that he needed to “rescue” it from insolvency. Both lawsuits from landlords alleging that Twitter offices have fallen behind on rent and legal claims from fired Twitter employees are still pending against Musk.
Musk previously defeated Jeff Bezos, the founder of Amazon, to claim the title of the wealthiest man in the world in 2021. The Bloomberg Billionaires Index’s top three positions have alternated amongst the trio of Musk, Arnault, and Bezos on occasion.
As you read the, today’s richest person is Elon Musk, whose worth is $182 billion. For more information regarding him you can also visit Trending News or drop a comment to us in the comment section on what you are looking for.
