Elon Musk, the billionaire entrepreneur, engineer and founder of Tesla and SpaceX, has once again become the world’s richest man with a net worth of $187 billion, according to the Bloomberg Billionaires Index. The surge in his wealth comes after a recent rise in the value of Tesla stock, which closed 5% up at $207.63 on Monday.

Elon Musk becomes world’s richest billionaire again!
Elon Musk becomes world’s richest billionaire again!

Tesla’s stock has soared almost 70% this year, adding $7 billion to Musk’s wealth on Monday alone. Although the stock is still 23% down in the last 12 months, Musk has added $50 billion to his wealth this year, overtaking Bernard Arnault, the chairman and chief executive of LVMH Moet Hennessy Louis Vuitton, who is worth $185 billion.

All eyes are now on Tesla’s investor event on Wednesday, where the company is expected to introduce a cheaper third-generation car model. The event could move the stock either way, and investors are eagerly waiting for any news on the company’s plans for the future.

Musk has had a rollercoaster year in terms of his wealth, with fluctuations driven by a range of factors, including Tesla’s stock performance, his involvement in SpaceX, and his acquisition of Twitter. Last year, Musk sold about $23 billion worth of Tesla shares after acquiring Twitter, which led to a decline in the company’s stock price.

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Musk’s ascent to the top of the billionaire rankings is a testament to his remarkable entrepreneurial success. He founded SpaceX in 2002 with the goal of making space travel more affordable and accessible, and has since become one of the most prominent figures in the space industry. He founded Tesla in 2003 with the aim of producing electric cars that were both stylish and environmentally friendly, and has since become a leading player in the automotive industry.

Musk’s success has been driven by his visionary approach to business, his ability to innovate, and his willingness to take risks. His companies have revolutionized their respective industries and transformed the way we think about space travel and electric cars.

Despite his success, Musk has also faced criticism for his controversial comments on social media and his tendency to make bold predictions that don’t always come to fruition. However, his achievements have undoubtedly had a significant impact on the world, and his continued success will be closely watched by investors and observers alike.

In conclusion, Elon Musk’s rise to the top of the billionaire rankings once again is a testament to his remarkable entrepreneurial success and his ability to innovate in the face of challenges. The surge in his wealth comes on the back of a rise in the value of Tesla stock, and investors will be eagerly watching the company’s investor event on Wednesday for any news on its future plans. Musk’s continued success will undoubtedly have a significant impact on the world, and he remains one of the most prominent and influential figures in the world of business and technology.

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The Bloomberg Billionaires Index is a comprehensive daily ranking of the wealthiest people in the world. It provides detailed information about the net worth of each billionaire, including their total net worth, last change, year-to-date change, country/region, and industry. This index is updated at the close of every trading day in New York and tracks the fortunes of the top 500 richest people in the world.

The index allows users to view profiles of each billionaire and compare their fortunes, track their returns, and see the biggest movers. The net worth analysis on each billionaire’s profile page provides details about the calculations used to determine their net worth.

Elon Musk becomes world’s richest billionaire again!

As of 28 February 2023, the Bloomberg Billionaires Index shows that Elon Musk is currently the world’s richest person, with a total net worth of $187 billion. He is closely followed by Bernard Arnault, the chairman and CEO of LVMH Moet Hennessy Louis Vuitton, with a net worth of $185 billion.

The index also shows that the technology industry dominates the top ten wealthiest people, with seven out of the top ten billionaires working in the technology sector. The other three industries represented in the top ten are consumer, diversified, and energy.

Overall, the Bloomberg Billionaires Index is a useful tool for tracking the fortunes of the world’s wealthiest individuals and gaining insights into the industries and regions that are driving wealth creation.

Table showing the top ten richest people in the world as per the Bloomberg Billionaires Index as of February 28, 2023

RankNameTotal Net WorthYTD ChangeCountry/RegionIndustry
1Elon Musk$187B+$50.1BUnited StatesTechnology
2Bernard Arnault$185B+$23.3BFranceConsumer
3Jeff Bezos$117B+$10.2BUnited StatesTechnology
4Bill Gates$114B+$4.62BUnited StatesTechnology
5Warren Buffett$106B-$1.25BUnited StatesDiversified
6Larry Ellison$102B+$10.2BUnited StatesTechnology
7Steve Ballmer$89.4B+$3.55BUnited StatesTechnology
8Larry Page$84.7B+$1.77BUnited StatesTechnology
9Carlos Slim$83.2B+$8.84BMexicoDiversified
10Mukesh Ambani$81.1B-$6.02BIndiaEnergy
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