Elon Musk Retains Title as World's Richest Person with Net Worth of $684 Billion

Billionaire Elon Musk continues to hold the title of the richest person in the world as his fortune reached $684 billion on Tuesday (local time), according toForbes Real-Time Billionairestracker. The rise is driven largely by SpaceX's soaring value and comes on the heels of the company's reported initial public offering (IPO) move at a valuation of around $800 billion.The jump was abrupt. Musk’s wealth rose by about $168 billion on Monday and added a further $8 billion through Tuesday, taking his estimated net worth to $684.2 billion.Following Musk on the richest person list is Alphabet's co-founder Larry Page at $252 billion. Oracle founder Larry Ellison at $239.8 billion and Amazon founder Jeff Bezos at $235.2 billion are next on the list.Musk's net worth has made him richer than some of the richest billionaires combined - Jeff Bezos, Meta's Mark Zuckerberg, and Nvidia's Jensen Huang.While Bezos's fortune is currently at $235.2 billion, Zuckerberg, who's the 6th richest person on the list, has a fortune of $225.3 billion. Huang's total net worth is at $154.4 billion, making him the 8th richest person in the world.Also ReadIMD issues alerts for cold wave, dense fog and snowfall across IndiaWhy China's graduates are choosing government jobs over private firmsDelhi AQI remains 'very poor'; govt announces BS-VI vehicle rulesTrump to deliver prime-time address on Thursday morning amid waning supportDelhi tightens pollution norms, bars non-BS-VI vehicles from Dec 18Reasons behind Musk's soaring wealthMusk, who previously crossed the $500 billion mark in October this year, owns an estimated 42 per cent share in SpaceX, the company that is reportedly planning to go public next year. Earlier in November, Musk, who also owns Tesla, received approval from the company's shareholders for his $1 trillion pay package, making it the largest corporate pay package.His net worth has also received a boost from his approximately 12 per cent stake in Tesla, shares of which have seen an uptick of 13 per cent this year, despite slowing sales.According to aReutersreport, Musk’s artificial intelligence venture xAI is said to be in late-stage discussions to raise about $15 billion in new equity, which would value the company at roughly $230 billion.List of top 10 billionaires according to ForbesElon Musk: $684 billionLarry Page: $252 billionLarry Ellison: $239.8 billionJeff Bezos: $235.1 billionSergey Brin: $232.6 billionMark Zuckerberg: $225.3 billionBernard Arnault & family: $192.7 billionJensen Huang: $154.4 billionWarren Buffett: $147.8 billionSteve Ballmer: $145.4 billion