Elon Musk Is Once Again The World’s Richest Person

Blenda Rosen
Blenda Rosen Business
3 Min Read

Elon Musk has long been one of the most talked about people in the world. Especially before Elon Musk became the richest person in the world, the number of news about the “richest people” was not as high as it is now. Musk is talked about more because he is a popular person and is constantly in the public eye.

Elon Musk, who regained the title of “richest person in the world”, lost some time ago to Louis Vuitton’s Bernard Arnault, thanks to the rise in Tesla’s share price, has not commented on the matter.

Tesla Shares Have Risen Sharply In Value

Musk’s fortune has also increased because Tesla shares have risen by nearly 70% this year. Many economists agreed that Tesla stock was undervalued. However, Tesla stock has reversed, mainly due to some speculation on Twitter. Many believe that Tesla, currently considered the most innovative car brand in the world, has yet to reach the numbers it deserves.

Tesla’s stock price is up nearly 100% from its Jan. 6 low, as investors gravitate to riskier companies amid fears of a failed economic recovery and rising interest rates. In addition, discounts on some Tesla models have helped the company boost demand.

elon musk is once again the world's richest person

200 Billion Expected

It is already known that Elon Musk’s net worth has surpassed the $185 billion mark. However, it is expected to exceed $200 billion by the end of this year. As is well known, there are some preliminary studies according to which Twitter’s payments will be made through its own currency. If this turns out to be true, we could have very different news about Elon Musk.

List Of The Richest People In The World

According to Bloomberg’s New York billionaires index, with Tesla shares up 5.5% to $207.63, Musk became the richest person in the world, leaving behind 73-year-old Frenchman Arnault, owner of the world’s largest luxury company, LVMH. Musk’s net worth reached $187.1 billion, leaving Arnault behind. Arnault’s estimated net worth is $185.3 billion.

Musk’s net worth jumped from $137 billion to $200 billion at the beginning of the year. Musk is the only person whose net worth has decreased by such a large amount.


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Blenda Rosen
By Blenda Rosen Financial Writer
Hi there! My name is Blenda, and I'm a Personal Finance and Markets Reporter at California/USA Today. I graduated from San Jose State University with degrees in Business Administration and International Business, and I'm a Certified Public Accountant (CPA) in California. My passion is creating personal finance content that resonates with my readers. I know from experience how daunting managing personal finances can be, and I aim to provide actionable advice that people can use to improve their financial situations. Whether it's budgeting, saving, investing, or retirement planning, I'm here to help my readers make informed decisions about their money. As a financial journalist, I'm always seeking to expand my knowledge and skills in the field. I'm particularly interested in areas like venture capital, startups, fintech, payment methods, and international banking. I believe that staying up-to-date on the latest developments in the industry is crucial to providing valuable insights to my readers.
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