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Elon Musk ranked richest person in the world

by Kaylum Keet
PICTURE: INSTAGRAM / @ELONMUSK

South African-born business tycoon and investor, Elon Musk, was recently ranked the richest person in the world according to Bloomberg Billionaires Index. 

According to The South African, the Bloomberg Billionaires Index is a daily ranking of the world’s richest people. The position now held by Elon Musk was formerly held by France’s Bernard Arnault. Bernard is the founder, chairman, and chief executive officer of LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury goods company.

Elon Musk is the founder, CEO, and chief engineer of SpaceX; angel investor, CEO and product architect of Tesla, Inc.; owner, CTO and chairman of Twitter; founder of the Boring Company and X Corp.; co-founder of Neuralink and OpenAI; and president of the philanthropic Musk Foundation. It’s no surprise that Elon Musk recently topped the list. With all his investments and various projects, it’s almost fitting that he would rank extremely high on a list of the world’s billionaires.

According to the Bloomberg Billionaires Index, most of Elon’s wealth is generated primarily from his ownership stakes in Tesla and SpaceX, with an estimated net worth of around $225 billion.

Following Elon Musk and Bernard Arnault on the Bloomberg Billionaires Index is founder of Amazon, Jeff Bezos, which neatly rounds up the top 3 richest people in the world.

The rest of the Top 10, in order, are: Larry Ellison, Bill Gates, Warren Buffet, Steve Ballmer, Larry Page, Sergey Brin and Mark Zuckerberg.

Elon Musk recently also ranked number 1 on Forbes Real Time Billionaires list as of June 2023.

Also see: Ayanda Ncwane accused of not paying Abathandwa their royalties

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