Well, that was quick.
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.
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.
Last 3 months were extremely tough, as had to save Twitter from bankruptcy, while fulfilling essential Tesla & SpaceX duties. Wouldn’t wish that pain on anyone.
Twitter still has challenges, but is now trending to breakeven if we keep at it. Public support is much appreciated!
— Elon Musk (@elonmusk) February 5, 2023
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.