SpaceX owner and Tesla CEO Elon Musk is once again the world's richest person.Getty Images
In the ever-changing landscape of billionaires' net worth, Elon Musk, the CEO of Tesla and SpaceX, has once again surpassed Bernard Arnault, the CEO of luxury goods conglomerate LVMH, to become the world's richest person. This latest development comes after Arnault experienced a slight decline in his net worth, dropping over 1% ($2.4 billion) to $234.9 billion, primarily due to falling LVMH shares on Monday.
Musk's journey to the top has been a rollercoaster ride, with him briefly regaining the title of the world's richest person just days before losing it. The setback occurred as Tesla's stock took a hit, plunging nearly 10% following an underwhelming quarterly earnings report, resulting in Musk losing approximately $18 billion on that fateful Thursday.
It's worth noting that aside from his pursuits in the tech and automotive industries, Musk has also made headlines for his acquisition of Twitter for a staggering $44 billion in October. Recently, he unveiled a highly-anticipated rebrand of the social media platform, opting to change the iconic blue bird logo to the letter "X." Additionally, Musk redirected the domain X.com to the Twitter site, explaining that the letter "X" holds special significance for him as it represents his space technology company and serves as a model for Tesla.
While Musk and Arnault engage in a tight competition for the top spot, the former world's richest person, Jeff Bezos, sits in third place with a real-time net worth of $151.9 billion. The Amazon founder is closely followed by other tech magnates such as Larry Ellison, founder of Oracle, with a net worth of $148.1 billion, Microsoft's Bill Gates with $120.6 billion, Warren Buffet, the CEO of Berkshire Hathaway, with $117.3 billion, and former Microsoft CEO Steve Ballmer with $104.9 billion.
In the world of billionaires, fortunes can shift dramatically in a matter of days, making the race for the top position an ever-changing spectacle to watch. As Musk and Arnault continue to vie for supremacy, the dynamics of wealth and power in the billionaire club remain intriguing and unpredictable.
