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Elon Musk Makes N4.45trn in One Week, Now One Step Closer to Reclaiming Title as World's Richest Man
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Elon Musk Makes N4.45trn in One Week, Now One Step Closer to Reclaiming Title as World's Richest Man

by  Dave Ibemere 2 min read
  • Elon Musk, the owner of Tesla, is getting closer to recovering his status as the world's richest man by the day
  • After topping the billionaire list for nearly a year, Musk was deposed by French billionaire Bernard Arnault and his family
  • Elon Musk has now earned over N4.45 trillion in one week to narrow the wealth gap between himself and Bernard Arnault

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Elon Musk, on Monday, February 6 2023, made a whopping $3.9 billion(N1.81 trillion) to push his total earnings in one week to N4.45 trillion($9.8 billion).

Musk's earnings on Monday, February 6, is more than the entire N1.76 trillion budget of Lagos State for 2023.

The Telsa CEO now has a total wealth of $188.1 billion compared to $178.3 billion net worth as of January 31, 2023, according to Forbes.

Elon Musk Wealth
Tesla shares are on the rise, and it is good news for Elon Musk. Credit: @tesla
Source: Facebook

Musk's newfound wealth means he is $29.1 billion away from catching up with Bernhard Arnault, the current richest man in the world.

Read also

Elon Musk loses $3 billion but still on track to close gap with world’s richest man, Arnault

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Bernhard Arnault, as of Monday, February 6, has a total net worth of $217.2 billion.

How Elon Musk is closing the gap

Musk started the month of February in a powerful way compared to how he began January 2023.

As of January 1, 2023, the Forbes billionaire index noted that Musk only had a net worth of $136.9 billion. On the other hand, Arnault had $183.0 billion. This was a gap of $46.1 billion.

The remarkable recovery shows that in the next few weeks, Musk will regain his position as the world's richest man.

Elon Musk wealth
Elon Musk's wealth is on the rise Credit: @forbes
Source: Facebook

List of wealthiest men in the world as of Monday, February 6, 2023

  • Bernard Arnault & family- $217.2bn
  • Elon Musk- $188.1bn
  • Jeff Bezos- $125.2bn
  • Larry Ellison- $113.7bn
  • Warren Buffett- $107.0bn
  • Bill Gates- $105.2bn
  • Carlos Slim Helu & family- $89.1bn
  • Larry Page- $88.9bn
  • Sergey Brin- $85.2bn
  • Steve Ballmer- $83.1bn

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Naira Increases in Value Across All Foreign Exchange Markets as Demand for Dollar Drops

Rabiu to overtake Dangote as the richest man in Nigeria

Meanwhile, the billionaire race in Nigerian is becoming more interesting as Rabiu Abdulsamad closes in on Aliko Dangote

Abdulsamad is now comfortably the second richest man in Nigeria despite starting the year in third.

A Legit.ng analysis shows that Rabiu's wealth growing at N3.4 billion daily has helped him close the gap.

Source: Legit.ng

Authors:
Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: dave.ibemere@corp.legit.ng.

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