New Delhi, December 29: Tesla and SpaceX CEO Elon Musk has returned as the world's richest man, recapturing the title from French luxury tycoon Bernard Arnault. Musk earned an additional $95.4 billion through Thursday's close, boosted by the success of Tesla and SpaceX, after losing $138 billion in 2022, according to the Bloomberg Billionaires Index. Elon Musk Run X Loses Appeal To Block California Content Moderation Law.

His net worth now exceeds Arnault's by more than $50 billion after LVMH Moet Hennessy Louis Vuitton SE shares fell due to a global slowdown in demand for luxury products. Amazon founder Jeff Bezos added more than $70 billion to his wallet this year and is now neck-and-neck with Arnault for second place, while Meta Founder and CEO Mark Zuckerberg's fortune increased by more than $80 billion. Google, Amazon, Apple, and Others Reportedly Pause Hiring in India 2023 Amid 'Economic Slowdown' and 'Internal Restructuring Plans': Report.

According to the Index, the collective net worth of the 500 richest persons increased by $1.5 trillion in 2023, entirely recovering from the $1.4 trillion lost the previous year. The wealth of tech billionaires increased by 48 per cent, or $658 billion, because of the enormous buzz around artificial intelligence.

(The above story first appeared on LatestLY on Dec 29, 2023 07:03 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).