• Sun. May 26th, 2024

Elon Musk reclaims title as world’s richest person

Byusanewscart.com

Dec 31, 2023

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Elon Musk, the owner of social media platform and microblogging service X and the renowned company Tesla, which mainly manufactures cars in the United States, has once again reclaimed the title as the world’s richest person.

According to Bloomberg Billionaires Inde, tech tycoon Elon Musk’s wealth has surged to $232 billion in 2023, a $92 billion increase in the past year.

According to Bloomberg’s report, Elon Musk’s wealth has increased due to a 12.95% stake in his company Tesla (an automotive company), which has performed exceptionally well this year.

The world’s most expensive carmaker concluded the year with a market value of $248 billion, which is 130% higher than the previous year.

In addition, despite the ups and downs of the microblogging website X (formerly Twitter), Elon Musk’s wealth increased.

According to Bloomberg Billionaires Index, there has been an increase of more than $1.5 trillion in the combined wealth of the world’s 500 richest individuals this year, compared to a decrease of $1.4 trillion seen last year.

Bernard Arnault, the owner of the French luxury goods manufacturing company LVMH, saw an increase of $126 million in his assets, bringing his total wealth to $179 billion, making him the second richest person in the world after Elon Musk.

Meanwhile, Jeff Bezos, the founder of Amazon, experienced a decrease of $1.4 billion in his assets, resulting in him being ranked third with a total wealth of $177 billion.

In fourth place on the list is Bill Gates, the founder of Microsoft, whose wealth increased by $217 million in 2023, bringing his total wealth to $141 billion.

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