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.

Side Hustle

How Can You Use AI to Start a Side Hustle? These Are the 10 Best-Paying Ones Right Now.

With the right tools, it's easier than ever to make extra money outside of your 9-5.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Looking for a Remote Job? A New Survey Says It Could Be Harder to Find Than You Think.

Most people want to work remotely, but a "frozen" labor market is limiting their choices.

Science & Technology

AI Won't Replace You — But an AI-Equipped Professional Will. Here's Why.

AI won't replace you — but professionals who master multiple specialized AI agents will operate on an entirely different playing field, transforming from overwhelmed generalists into strategic powerhouses with superhuman productivity.

Leadership

The One Reason Most Small Businesses Fail. And No, It Isn't Money

Both the data and my anecdotal experience over the decades show businesses don't fail for the reasons we always hear. It's something else entirely.