Elon Musk has reclaimed his status as the richest man in the world, growing his net worth by 75 percent in the last year. The Tesla and SpaceX CEO beat last year's top billionaire, French businessman Bernard Arnault,

Forbes recently released its list of the richest people in the world, and a familiar billionaire topped the list for the first time since 2022.

There are now more than 3,000 billionaires in the world, according to Forbes' annual ranking of the wealthiest people. They collectively hold about $16.1 trillion in wealth.