People are shocked as Elon Musk reclaims title of world’s richest person (2024)

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People are shocked as Elon Musk reclaims title of world’s richest person (1)

Louise Thomas

Editor

People are expressing their disbelief over Elon Musk reclaiming his title as the world’s richest person just hours after launching his latest Twitter rebrand.

On 24 July, Forbes revealed that Musk was back in the number spot on the magazine’s real-time billionaires list. According to Forbes’ calculations, Musk’s net worth gained another $4.1bn on Monday, bringing him up to a total net worth of $240.7bn. The publication notes that this increase in his net worth came after Tesla’s stock climbed by more than 2.5 per cent on Monday morning.

Musk had briefly lost his number one spot on the list on Friday, after Tesla’s stock went down by nearly 10 per cent, causing his net worth to drop by $18bn.

Hours before he bounced back up on Forbes’ list, he launched a rebrand of Twitter, which replaced the famous blue bird with a new X logo. According to Linda Yaccarino, who Musk hired to be the chief executive of Twitter, the logo change is part of the company’s plan to transform “everything” on the app.

On Twitter, fans have expressed their confusion over Musk’s title as the richest person in the world, while poking fun at the new Twitter logo he’s launched.

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“I genuinely have no idea how Elon Musk became the world’s richest man with business decisions like these,” one person wrote.

“Lol. Elon Musk is one of the richest people in the known universe … and it looks like he hired some 2.5 star rando on fiverr to do the logo animation,” another quipped.

“This simple change just made @elonmusk the richest man in the world,” a third tweeted, while sharing a photo of the new Twitter logo. “OFFICIALLY the power of X.”

Others poked fun atTwitter’s features amid the news of Musk’s latest achievement, with one joking: “Dear @elonmusk you’re the richest person on this planet. Stop sending me balloons on my profile, send me five million dollars instead, DM for bank details.”

Meanwhile, some made references to Musk’s personal life and social media presence in their jokes.

“Elon Musk is the world’s richest man. Has several kids. Runs several companies. Has over 100 million followers. And still finds time to reply to random people on Twitter that he doesn’t even know,” one individual wrote. “And you still think she was too busy to reply.”

On Monday, Twitter, which was taken over by Musk in October 2022, officially revealed its new logo. The tech billionaire reportedly informed employees by email that Twitter would become X, as well as redirected the domain X.com to Twitter.com.

Yaccarino first confirmed the switch in a series of tweets late on Sunday. “It’s an exceptionally rare thing – in life or in business – that you get a second chance to make another big impression,” she wrote.

She continued: “Twitter made one massive impression and changed the way we communicate. Now, X will go further, transforming the global town square.”

Musk’s net worth is now higher than Bernard Arnault, the CEO of LVMH, which owns brands such as Louis Vuitton and Christian Dior, according toForbes. On thereal-time billionaires list, it lists Arnault and his family as the second richest in the world, with a net worth of $234.6bn as of 24 July. Meanwhile, Amazon founder Jeff Bezos is currently the third richest person, while Microsoft founder Bill Gates is the fifth.

Musk is the father of 10 children with three different women. He welcomed his first child, Nevada, with his now ex-wife, Justine Wilson, in 2000. However, the infant tragically died of Sudden Infant Death Syndrome (SIDS) when he was 10 weeks old. The couple, who divorced in 2008, also share 19-year-old twins, Griffin and Vivian, and 17-year-old triplets, Kai, Saxon, and Damian.

Musk and his ex-girlfriend, Grimes, share a three-year-old son, X AE A-XII, and one-year-old daughter, Exa Dark Sideræl, who they welcomed via surrogate. The Space X founder also made headlines in July 2022 when reports broke that he wasthe father of twins with Shivon Zilis, a high-ranking executive at one of his companies,Neuralink. Court documents showed that the two children were born in November 2021.

People are shocked as Elon Musk reclaims title of world’s richest person (2024)

FAQs

Why is Elon Musk no longer the richest person in the world? ›

Elon Musk loses title as world's richest person to LVMH patriarch Bernard Arnault, paying the price for January rout in Tesla stock. Elon Musk's personal fortune took a heavy hit after shares in Tesla lost a quarter of their value in the span of less than a month.

Who surpassed Elon Musk as richest person? ›

Jeff Bezos Briefly Overtakes Elon Musk As U.S.' Richest Person.

Who is said to be the richest person in the world? ›

Elon Musk

Who is the world's richest person? ›

Top 10 richest people in the world
Name & RankNet Worth (in $ Billions)Source of Wealth
#1 Elon Musk$252.4Tesla, SpaceX
#2 Jeff Bezos$215.9Amazon
#3 Bernard Arnault & family$191.1LVMH
#4 Mark Zuckerberg$185.4Facebook
6 more rows
Jul 9, 2024

How did Elon Musk become the richest person ever? ›

The Tesla pay package helped propel Musk's net worth to about $200 billion, making him the world's richest person.

Is it true that Elon Musk is the richest man in the whole world? ›

Key Takeaways. Elon Musk, CEO of Tesla, is the richest person and the richest man in the world with a net worth of $218 billion. After Musk is Jeff Bezos, founder of Amazon.

Who is the richest kid in the world? ›

6 Richest Kids In The World 2024:
  • Princess Charlotte of Wales, 8 years old - $5 Billion.
  • Prince George, 10 years old - $3 Billion.
  • Blue Ivy Carter, 12 years old - $1 Billion.
  • Suri Cruise, 17 years old - $800 Million.
  • Stormi Webster, 5 years old - $700 Million.
  • Prince Louis, 5 years old - $400 Million.
Mar 1, 2024

Who is the richest person in history? ›

Mansa Musa ruled over the Mali empire in the 14th Century, and his incredible access to gold made him arguably the richest human to have ever lived. So, why is it that he has largely disappeared from the western historical imagination?

Who is the richest girl in the world? ›

1. Françoise Bettencourt Meyers. With an eye-watering net worth of $99 billion, Francoise Bettencourt Meyers, a French businesswoman and philanthropist, is the richest woman in the world.

Is Taylor Swift a billionaire? ›

The financial news outlet said she is the first artist to achieve billionaire status solely on the basis of her music, and estimated she has a $1.1 billion fortune.

Who is the youngest billionaire? ›

Livia Voigt is the youngest billionaire in 2024 at 19 years old with a net worth of $1.1 billion. She and her sister, 26-year-old Dora Voigt de Assis, who also has a net worth of $1.1 billion, are the granddaughters of Brazilian billionaire Werner Ricardo Voigt.

What do rich people do for a living? ›

They Have Multiple Sources of Income

Wealthy people know that having multiple sources of income is key to becoming successful. They don't rely on one job or one business to make all of their money. Instead, they have multiple streams of income, whether it's investments, real estate, or starting a side business.

Who is the world's best person? ›

Sr.NoNameDOB
1Mahatma GandhiOctober 2, 1869
2Nelson Mandela18-Jul-18
3Albert EinsteinMarch 14, 1879
4Martin Luther King Jr.15-Jan-29
26 more rows

Who is the richest singer in the world? ›

American rapper Jay-Z is the wealthiest music artist in the world, with Forbes estimating his net worth at $2.5 billion in 2024.

Why is Bernard Arnault richer than Elon Musk? ›

Synopsis. Bernard Arnault surpasses Elon Musk as the richest person in the world, with a net worth of $207.6 billion. Arnault's rise to the top came as tech stocks struggled due to high inflation. The French billionaire's surge in net worth, driven by positive LVHM results, led him to overtake Musk.

Are there any trillionaires? ›

As of today, no billionaire is within striking distance of becoming a trillionaire. Elon Musk is, at present, the world's richest person, with a net worth of $206 billion, while Jeff Bezos is in the number two position with $179 billion, according to Bloomberg.

Is Elon Musk a trillionaire now? ›

Elon Musk: $226.6 billion

Elon Musk is currently considered the world's richest person, with a net worth of $226.6 billion per Forbes' real-time rankings as of Wednesday. That's down from $245.5 billion as of November 2023.

Who was the richest person ever? ›

Wealth. Mansa Musa is renowned for his wealth and generosity. Online articles in the 21st century have claimed that Mansa Musa was the richest person of all time. Historians such as Hadrien Collet have argued that Musa's wealth is impossible to accurately calculate.

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