Elon Musk, the CEO of Tesla and Twitter, has reclaimed his title as the richest man in the world again.

There has been a significant reorganisation in the list of the world's billionaires, and Elon Musk has once again risen to the top spot. He gained this position by defeating Bernard Arnault.

Elon Musk's net worth rose by $6.98 billion to $187 billion, as reported by the Bloomberg Billionaires Index.

Previously, starting in the year 2021, Elon Musk has consistently held the top spot among the richest ten people.

By increasing his net worth, he overtook Bernard Arnault, who had held the title of wealthiest since December 2022.

Musk, who had held the second position for the previous two months, was surpassed by French billionaire Arnault in December of last year to become the richest person in the entire world.

Let me tell you that last year's decline in Tesla's stock cost Musk $200 billion. This is regarded as the largest drop in a businessman's wealth in recorded history.

The chairman of Reliance Industries, the largest company in the nation by market valuation, Mukesh, continues to rank 10 on the list of the world's richest people. He has $81.1 billion in assets.