Musk’s wealth is estimated at $192.3 billion, while Arno’s is around $186.6 billion.
Tesla CEO Elon Musk is the world’s richest man again, overtaking tycoon Bernard Arnault after LVMH shares fell 2.6% in Paris trading. Bloomberg reported this.
It is noted that this year Musk and 74-year-old Frenchman Arnaud are competing for first place in the Bloomberg Billionaires Index, a list of the 500 richest people in the world.
Arno passed Musk for the first time in December. LVMH, founded by Arnaud, owns brands such as Louis Vuitton, Fendi and Hennessy. LVMH shares have fallen about 10% since April.
Elon Musk earned more than $55.3 billion this year, mostly thanks to Tesla. Car production, which accounts for 71% of its fortune, has grown by 66% since the beginning of the year.
Musk’s wealth is estimated at $192.3 billion, while Arno’s is around $186.6 billion.
It will be remembered that earlier the president of the LVMH group, Bernard Arnault, surpassed Elon Musk in the ranking of the richest people on the planet.
As reported, Elon Musk lost nearly $13 billion in one day in April.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.