Elon Musk returns to the top, becomes richest person on the planet again

The rise in Musk's wealth can be attributed to the rally in Tesla stocks that has outpaced the rally in the Nasdaq 100 Index so far this year

With his wealth rising over $50 billion so far in 2023, Elon Musk, Twitter chief and Tesla chief executive, on February 28 became the world's richest person again, according to the Bloomberg Billionaires Index. He surpassed French businessman Bernard Arnault who now stands second on the list with a total wealth of $185 billion. Musk's total wealth, on Tuesday, stood at $187 billion. 

Jeff Bezos, the founder of Amazon, is in the third spot with $117 billion.

The rise in Musk's wealth can be attributed to the rally in Tesla stocks that has outpaced the rally in the Nasdaq 100