Elon Musk back at No. 1 on global rich list in an eventful week for Twitter

Tesla CEO Elon Musk is back at the top spot on the list of the world’s richest people, having surpassed French billionaire Bernard Arnault, according to Forbes.

Musk’s net worth on July 25 stood at $242.4 billion, according to Forbes’ ‘The Real-Time Billionaires’ list.

Arnault, the chief executive of luxury brand Louis Vuitton's parent company LVMH, and his family was in the second place with a net worth of $234.6 billion.

For Musk, the development came in an eventful week, during which he replaced the iconic blue bird logo of Twitter with an ‘X’.

People on the microblogging platform have shared their thoughts on Musk becoming the “richest man again”.

A user said, “Should have known when you chose to be the richest man on Earth once.”

“If you were smart like [Elon] Musk, you would be the richest man on the planet,” read a comment.

Some declared that Musk’s “choices are simply better”.

Musk reclaimed the number 1 spot after adding $4.1 billion to his wealth. This took his net worth up by 1.75% to $240.7 billion. This boost in wealth stems from the over 2.5% increase in Tesla’s stock price which was valued at $266 on Monday morning, reported Forbes.