The wealth of the wealthy increased by $1,500 billion this year, and Musk is once again the richest man on earth money

Tech billionaires in particular have made great progress. They have seen their assets grow by almost 50%, mainly due to the growing interest in artificial intelligence. No one fared better than Elon Musk, who reclaimed the title of world's richest person from French luxury goods tycoon Bernard Arnault of LVMH, named after the fashion brand Louis Vuitton and the champagne company Moët Hennessy.

Musk added another $95.4 billion (€86.1 billion) to his vast wealth this year, mainly due to the success of the car company Tesla and the aerospace company SpaceX. In 2022, he would have to accept a loss of $138 billion (more than €124 billion). According to Bloomberg, his fortune is now $50 billion (45 billion euros) more than Arnault. The Frenchman has seen global demand for luxury goods from the LVMH group decline this year.

Amazon founder Jeff Bezos became richer this year by more than $70 billion (€63 billion). His net worth is roughly the same as Arnault's, and they are narrowly competing for the spot behind Musk. Meta CEO Mark Zuckerberg will no longer achieve that, although he will receive more than $80 billion (72 billion euros) in 2023.

The biggest loser this year was Indian billionaire Gautam Adani. It lost $21 billion (€19 billion) in a single day on January 27 after a critical report from investor Hindenburg Research caused the value of its Adani Group to decline. Throughout the year, it lost $37.3 billion (33.6 billion euros).

The richest woman on the list is L'Oréal heiress Françoise Bettencourt Meyers. The French businesswoman's fortune is $100 billion (about 90 billion euros).

Bloomberg will later release a final ranking of the richest.