According to a recent Bloomberg Billionaires tally, Elon Musk has regained his position as the world’s wealthiest person.
His estimated net worth is now around $192 billion, surpassing Bernard Arnault, the CEO of LVMH, who has a net worth of $187 billion.
These two individuals, referred to as centibillionaires, have been closely competing for the top spot for several months.
Bernard Arnault’s wealth experienced a decline this week following a drop in LVMH’s stock on Wednesday, as reported by Bloomberg.
Arnault had surpassed Musk in December when his wealth surged due to increased sales in luxury goods, which drove up LVMH’s stock price. LVMH, a major conglomerate, is home to renowned brands such as Louis Vuitton, Dior, and Celine.
Elon Musk’s rise in the rankings of the world’s wealthiest individuals has been remarkable in recent years, largely due to the success of Tesla, the electric automaker.
His primary asset is Tesla’s stock, of which he owns approximately 13%, according to Bloomberg.
In addition to Tesla, Musk also serves as the CEO of SpaceX, a space exploration company, and is the owner of the social network Twitter
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