CEO of Tesla and Space X is once again named the world’s richest man after loosing the position for a few weeks.
Elon retakes his position after his net worth reached an all time high of $500 billion according to live trackers by Forbes.
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This is not the first time the billionaire has broken the scale. He was the bidets billionaire to reach the $400 billion mark before his stocks tanked.
Elon has lost his title as the world’s richest man twice this year alone.
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He first lost it to Bernard Arnault (chairman of luxury group LVMH) who briefly held the title during to a surge in his stock.
In September, he lost the position to Larry Ellison, whose net worth reached $350 billion after he made $100 billion overnight.
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Elon’s comeback is as a result of the sudden resurgence in Tesla stocks, the reason he lost it in the first place.
Elon is also predicted to become the first trillionaire on earth due to the performance of his stocks and investments.
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Analysts predict he could reach the trillionaire mark by 2027 assuming his wealth continues compounding at the current or an even higher growth rate.
As it stands now, the top five richest people in the world are;
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- Elon Musk – about $500 billion
- Larry Ellison – about $350 billion
- Mark Zuckerberg – about $230 billion
- Jeff Bezos – about $210 billion
- Larry Page – about $170 billion
