{"id":229553,"date":"2023-06-01T20:20:12","date_gmt":"2023-06-01T18:20:12","guid":{"rendered":"https:\/\/www.discoverwalks.com\/blog\/?post_type=news&p=229553"},"modified":"2023-06-01T20:20:12","modified_gmt":"2023-06-01T18:20:12","slug":"back-on-top-elon-musk-is-the-worlds-richest-again","status":"publish","type":"news","link":"https:\/\/www.discoverwalks.com\/blog\/news\/back-on-top-elon-musk-is-the-worlds-richest-again\/","title":{"rendered":"Back On Top! Elon Musk Is The World\u2019s Richest, Again!"},"content":{"rendered":"

Elon Musk Reclaims His Spot As The World\u2019s Wealthiest Person<\/h2>\n

According to the Bloomberg Billionaires Index\u2019s updated figures on Thursday 1st June, Twitter and Tesla CEO Elon Musk is once again the richest person in the world.<\/p>\n

As per the tally, Elon Musk is now worth about $192 billion while LVMH CEO Bernard Arnault is now worth $187 billion and Amazon\u2019s founder Jeff Bezos is in third place. The two billionaires (Musk and Arnault) for months on end have been neck and neck for the pole position.<\/p>\n

However, this is the first time since December 2022 that Musk has had an edge on Arnault. Elon Musk’s recent \u2018triumph\u2019 over the LVMH CEO is thanks to a stock dip in LVMH\u2019s stock price on Wednesday after it fell by 2.6% in Â鶹APP trading.<\/p>\n

In September 2021, Tesla stock was on the rise and Musk\u2019s net worth surpassed that of Jeff Bezos, CEO of Amazon. This was when he first clinched the title of richest in the world.<\/p>\n

Arnault overtook Musk for the pole position back in December 2022 as the tech industry struggled while the luxury goods industry showed resilience. Tesla stock dipped following Musk\u2019s acquisition of Twitter and the valuation of Twitter was disclosed to be way lower than the $44 billion he had paid.<\/p>\n

The news of Musk topping the wealth ranks comes merely days after it was revealed that Twitter is currently worth about a third of what he paid for it. Musk himself has previously admitted that he overpaid for the platform.<\/p>\n

According to the Bloomberg Billionaires Index, Musk’s investment in Twitter is currently worth $8.8 billion. However, while Twitter has struggled, Tesla on the other hand has soared.<\/p>\n

Tesla stock hit a two-year low in November 2022 dipping to $167.87. However, since then, Tesla stock has been on the rise and as of Wednesday stood at $203.93 after a 1.3% increase.<\/p>\n

Elon Musk owns about 13% of the vehicle company and thanks to the soaring stock price, the company is responsible for a $55 billion increase in his wealth this year alone. How well Tesla has been doing has offset the toll that the Twitter acquisition has put on his wealth.<\/p>\n

Other than Twitter and Tesla, the world\u2019s richest man also runs SpaceX, Neuralink, The Boring Company, and is in the process of building an all-purpose app under the tag X. SpaceX is currently set to play a key role in making man interplanetary.<\/p>\n

Neuralink on the other hand just received approval from the FDA to begin human tests as the company looks to install chips in human brains that can help in tackling disabilities.<\/p>\n

\n

Planning a trip to Â鶹APP ? Get ready !<\/p>\n

\n

These are\u00a0Amazon’s\u00a0best-selling<\/strong>\u00a0travel products that you may need for coming to Â鶹APP.<\/p>\n

Bookstore<\/strong><\/span><\/p>\n

    \n
  1. The best travel book : Rick Steves – Â鶹APP 2023<\/strong> –\u00a0Learn more here<\/a><\/strong><\/li>\n
  2. Fodor’s Â鶹APP 2024 –\u00a0Learn more here<\/a><\/strong><\/li>\n<\/ol>\n

    Travel Gear<\/strong><\/span><\/p>\n

      \n
    1. Venture Pal Lightweight Backpack –\u00a0Learn more here<\/a><\/strong><\/li>\n
    2. Samsonite Winfield 2 28″ Luggage –\u00a0Learn more here<\/a><\/strong><\/li>\n
    3. Swig Savvy’s Stainless Steel Insulated Water Bottle\u00a0–\u00a0Learn more here<\/a><\/strong><\/li>\n<\/ol>\n

      Check Amazon\u2019s best-seller list for the most popular travel accessories. <\/a>We sometimes read this list just to find out what new travel products people are buying.<\/strong><\/p>\n<\/div>\n<\/div>","protected":false},"author":1717,"featured_media":229557,"template":"","categories":[4347],"subject":[4430],"class_list":["post-229553","news","type-news","status-publish","has-post-thumbnail","hentry","category-tech-business","subject-tech-science"],"acf":[],"yoast_head":"\nBack On Top! Elon Musk Is The World\u2019s Richest, Again! - Discover Walks Blog<\/title>\n<meta name=\"description\" content=\"Elon Musk reclaims the title of world's wealthiest person despite Twitter's financial struggles. 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