Despite losing 200 billion in 2022, Elon Musk is on a recovery, inching closer than ever to reclaim the throne of the world's richest person. Find out more at 🚀 engineering interestingengineering
The 51-year-old tech billionaire climbed back to the second spot and is worth 188.6 billion at present, according to the most recent numbers posted on Forbes world's richest person list on Saturday.Elon Musk may soon "reclaim the title of world's richest person," claimed a media report on Saturday. "Separating the Tesla CEO and first place within the wealth standings is simply $3 billion.
The status quo was disrupted in mid-December when Bernard Arnault, a French executive, and CEO of LVMH, passed Elon Musk to become the richest person in the world. According to the Bloomberg Billionaires Index, Arnault's net worth on Dec. 13 was projected to be $171 billion, while Elon Musk's was $164 billion.While Musk's fortunes were hampered by a 65% decline in Tesla's stock prices last year, Arnault's were buoyed by the reopening of businesses throughout the world following two years of COVID lockdown.