Once again, Elon Musk has secured the top position as the wealthiest individual.

Once again, Elon Musk has secured the top position as the wealthiest individual.

Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event(Getty)

 Once again, Elon Musk, the owner of Twitter, Tesla, and SpaceX, has secured a spot among the world's richest in his seat of wealth. Bernard Arnault, the owner of French luxury goods company LVMH, has also climbed to the top as one of the world's wealthiest, following the rankings by CNN. According to the report, Elon Musk's total wealth is now nearly $19.2 billion. On the other hand, Bernard Arnault, the CEO of LVMH, has a wealth of $18.7 billion.

Since the beginning of the current year, Bernard Arnault and Elon Musk were competing for the top spot. However, with the recent decline in Tesla's stock market value, Elon Musk has moved to the second position in the list of the wealthiest individuals. Bernard Arnault remained in the first position. However, a few days ago, due to a 2.6% decline in LVMH's share price on the Paris Stock Exchange, Elon Musk once again claimed the top spot as the wealthiest person.

Furthermore, Twitter's value has decreased by nearly $3 billion. The current value of the platform stands at approximately one-third of what Elon Musk paid to acquire it. Musk spent $4.4 billion to purchase Twitter. Recently, the multinational financial services firm Fidelity announced that the platform's value is now $4.5 billion. Twitter's value has decreased by nearly $3 billion.

According to Forbes' report, Musk has accepted additional costs by purchasing Twitter at an inflated price. In March, Musk proposed a Twitter stock reward for employees, valued at $2 billion.

However, it is unclear how Fidelity determined Twitter's value. It is also uncertain whether the firm obtained any confidential documents from Twitter. In November, Fidelity revealed that the value of Twitter's shares reflected 44% of Elon Musk's purchase price. The institution indicates that the platform's value has further decreased in subsequent months, including December and February.