During the last quarter of 2022, the Tesla boss bought Twitter for $44 billion. But a string of whimsical decisions and layoffs later, Elon Musk lost the world’s richest title, bleeding $200 billion in net worth over the course of November and December. It was even dubbed by the Guinness World Record as the largest loss of wealth in recorded history. Louis Vuitton boss Bernard Arnault surged past Musk to become world’s number one richest, while Twitter’s new overlord stared at the grim plight of Tesla stocks he had so relied on.
However, 2023 had been rather kinder to the 51 year old billionaire. With over a 90% surge in Tesla prices, Musk has overtaken fashion mogul Arnault to reclaim the title of the world’s richest man. While Musk is still on the second spot on the Forbes Richest List, slowly closing in on Arnault, the SpaceX boss is on the top spot on the Bloomberg Billionaires Index. On the Forbes list, the total net worth of Musk stands at $197.7 billion, while on the Bloomberg’s list it is $187 billion. The YTD (Year to Date) change in Musk’s net worth is +$50.1 billion.
Elon Musk is now the richest person in the world again, according to Bloomberg, after slipping to the No. 2 spot last year https://t.co/W9Z1ke4Y5x pic.twitter.com/oRGqmGlIUp
— CNN (@CNN) February 28, 2023
Meanwhile, it’s not all rosy for the Tesla boss. Twitter is still a house on fire with more layoffs, even as Tesla stares at a flurry of competition and roadblocks. Musk recently went ahead with his eighth round of layoff, something now other BigTech are emulating. Will he sustain his numero uno position this year?
See Also: More Layoffs At Twitter! Even The Employee Who Slept At Office In Viral Photo Isn’t Spared