Elon Musk is the world’s richest person again after dethroning Bernard Arnault, the CEO of French luxury brand LVMH
Elon Musk is back in the black – becoming the world’s richest person once again.
The Tesla boss dropped to number two on Bloomberg’s real-time Billionaires Index – dethroned by Bernard Arnault, the CEO of French luxury brand LVMH.
But, as of Monday, a rally in Tesla stock lifted Musk back to the top.
His net worth is now sitting around $187.1 billion after markets closed, just above the $185.3 billion fortune of Arnault.
The drop was linked to a decline in Tesla’s stock, Musk’s problem-plagued acquisition of Twitter and a broader market downturn in tech.
But in 2023, shares for the electric vehicle maker have surged.
Musk also holds the record for the biggest fortune ever lost by anyone in history.
In late 2022, he became the first person ever to lose $200 billion in wealth, with his net worth sliding from $340 billion in November 2021 to $137 billion a year later. #trending #featured
