Get All Access for $5/mo

Elon Musk Is the Richest Man In the World — Again After a brief stint at number 2, the billionaire retakes the top spot, according to the Bloomberg Billionaires Index.

By Jonathan Small

hotographer: Marlena Sloss/Bloomberg via Getty Images

Well, that was quick.

Elon Musk is now worth $187 billion, according to the latest installment of the Bloomberg Billionaires Index, making him the wealthiest man in the world.

Last December, the leader of Space X, Tesla, and Twitter was dethroned as the world's richest man by Bernard Arnault, the French tycoon who owns 48% of fashion company LVMH.

But Musk regained the top spot today, edging out Arnault by $2 billion. For those keeping score at home, the third richest man in the world is Amazon executive chairman Jeff Bezos with a paltry $117 billion.

Related: DogeCoin Blows Up After Elon Musk Tweets Photo of his Dog in Twitter CEO Chair

A good start to 2023 for Musk

Despite some financial setbacks late last year, including breaking the Guinness World Record for the largest loss of personal fortune ever, Musk has received some good news over the past few months.

First, Tesla stock has rallied significantly after dropping almost 70%. Musk also tweeted that Twitter is on pace to break even after suffering big losses in 2022.

Musk has also had some legal victories. Last month, Tesla shareholders sued him for making false statements in his tweets in 2018 about taking the company private. The jury sided with Musk, clearing him of any wrongdoing.

Jonathan Small

Entrepreneur Staff

Founder, Strike Fire Productions

Jonathan Small is a bestselling author, journalist, producer, and podcast host. For 25 years, he has worked as a sought-after storyteller for top media companies such as The New York Times, Hearst, Entrepreneur, and Condé Nast. He has held executive roles at Glamour, Fitness, and Entrepreneur and regularly contributes to The New York Times, TV Guide, Cosmo, Details, Maxim, and Good Housekeeping. He is the former “Jake” advice columnist for Glamour magazine and the “Guy Guru” at Cosmo.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Franchise

The Top 10 Coffee Franchises in 2024

From a classic cup of joe to a creamy latte, grab your favorite mug and get ready to brew up success with the best coffee franchises.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Marketing

How Small Businesses Can Leverage Dark Social to Drive Word-of-Mouth Marketing

Dark social accounts for 70% of social media shares and is crucial for small businesses. Here's how you can tap into this hidden marketing opportunity.

Business News

'Jaw-Dropping Performance in 2024,' Says a Senior Analyst as Nvidia Reports Earnings

Nvidia reported its highly-anticipated third-quarter earnings on Wednesday.

Business News

'Do You Sell Cars?': Tesla CEO Elon Musk Trolls Jaguar Rebrand on X

The team running Jaguar's X account was working hard on social media this week.