Despite Twitter only being valued at a third of what Elon Musk bought it for, the CEO and tech tycoon has just reclaimed the crown of richest man in the world.
According to Bloomberg’s Billionaire Index, Musk’s net worth recently ticked up to $192 billion edging out Richard Arnault, CEO of LVMH, who has a net worth of $187 billion. As CNN Business reports, the two have been duking it out for months, with Musk snagging the title in February before Arnault took it back this past April with a net worth of over $200 billion. The outlet reports that Arnault’s wealth fell this week due to a drop in LVMH’s stock—the company is known for producing Louis Vuitton goods and Dom Perignon champagne. Jeff Bezos, executive chairman and founder of Amazon, places in third at $144 billion.
Bloomberg’s calculations say that Tesla is a huge chunk of Musk’s wealth, with $83.8 billion of the CEO’s total net worth coming from the publicly traded EV company. This is followed by SpaceX, of which Musk lays claim to $48.9 billion and Twitter, which makes up $8.08 billion of Musk’s worth. The Boring Company is Musk’s least lucrative asset at $3.33 billion, while miscellaneous assets bring the total up to $192 billion.
Musk took back the title during a bout of restraint, during which the centibillionaire didn’t tweet for 48 hours—inadvertently sending the message that he’s the most valuable when he’s silent. This 2 day window is apparently the longest he could stay away from the platform this year: As Bloomberg reports, Musk has tweeted every single day of 2023 up until May 29, just before he began his visit to China. Twitter is famously banned in China, and the chief twit using a VPN to tweet his ramblings wouldn’t be a good look while meeting with government officials. The last time Musk took a Twitter detox was in June 2022, when he was desperately pushing the eject button after expressing his desire to purchasing the company.
Musk and Twitter entered into an agreement to sell the platform to the world’s richest man in April 2022. The two parties then engaged in a will they/won’t they over the summer, in which Musk began to second guess his decision. Nevertheless, he persisted and Musk took over Twitter in November 2022 to mixed results. In less than a year, the platform has noticeably taken a tumble in quality, but Musk has named a successor as CEO in Linda Yaccarino.
Sam Bankman-Fried Wanted to Pay Donald Trump $5 Billion to Not Run for President in 2024
Qatar Airways Expo 2023 Doha Livery Revealed in Style
Knowledge vs. intelligence amid the hype and hysteria over AI
Woodhull Hospital in Brooklyn evacuated due to damage from Friday’s storm
In West African country of Burkina Faso, horses and horse racing are an age-old tradition
Bybit to Stop UK Services as Fin Regulators Clamp Down – Are You Affected?
11 Hidden Sales You Don't Want to Miss: Pottery Barn, SKIMS & More
Things Lie About Their Identities Just Like People Do
Emirates Seeks Experienced Airbus Captains to Join its Expanding A380 Fleet
Chelsea ‘confident of signing’ Ivan Toney as Brentford slap £60m fee on striker
Josh Duggar Has Had a Change to His Prison Release Date Once Again
Review & setlist: Lil Yachty’s effortlessly cool Field Trip Tour drives Boston to the next rap frontier
‘When Calls the Heart’ Season 10 Episode 10 Recap: Lucas Defends Hope Valley
Providence woman convicted of involuntary manslaughter in overdose death of North Attleboro man
Nicole Scherzinger and Fiance Thom Evans Met While She Judged Him on ‘X Factor: Celebrity’
Finance19 hours ago
Chainlink Completes Falling Wedge on Weekly Timeframe While P2E Battle Token Crosses $150k in Presale
Lifestyle18 hours ago
15 Affordable Products to Help Your Tech Feel Like New Again
News19 hours ago
Meghan Markle Linked to Run for Dianne Feinstein’s Senate Seat
News24 hours ago
It’s Bad News That So Many in the GOP Are Pissed About Averting a Shutdown
Travel23 hours ago
50 tourism ministers, 500 guests welcomed to Diriyah for World Tourism Day gala event
Finance15 hours ago
Congress Passes Funding Bill to Avoid US Government Shutdown
Finance19 hours ago
Fentanyl Isn’t Just Smuggled In From Mexico. It Also Arrives Duty Free By Mail
News20 hours ago
As D.C. weighs sexual harassment policy, data show scope of complaints