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Elon Musk Reclaims Position as World’s Richest Person After Bernard Arnault’s Louis Vuitton Shares Drop

Elon Musk Reclaims Position as World’s Richest Person After Bernard Arnault’s Louis Vuitton Shares Drop

Index data showed behind Musk and Arnault are Jeff Bezos and Bill Gates at $144 billion and $125 billion, respectively.

By ANI | Updated: 1 June 2023 19:25 IST

Elon Musk Reclaims Position as World’s Richest Person After Bernard Arnault’s Louis Vuitton Shares Drop

Photo Credit: Bloomberg

The index is a daily ranking of the world's wealthiest people

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Highlights

Musk's net worth was about $192 billion
Musk serves as Tesla CEO
Shares of Arnault's firm fell over 2 percent

Elon Musk has yet again claimed his position as the world's richest person after beating the CEO of the French luxury brand Louis Vuitton Bernard Arnault, according to Bloomberg Billionaires Index.

According to the Bloomberg Billionaires Index, as of Thursday, Musk's net worth was about $192 billion (roughly Rs. 15,82,483 crore), with Arnault's $187 billion (roughly Rs. 15,41,272 crore).

Index data showed behind Musk and Arnault are Jeff Bezos and Bill Gates at $144 billion (roughly Rs. 11,86,862 crore) and $125 billion (roughly Rs. 10,30,262 crore), respectively.

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The index is a daily ranking of the world's wealthiest people. Details about the calculations are provided in the net worth analysis on each billionaire's profile page. The figures are updated at the close of every trading day in New York.

Tesla chief Musk is back on top of the list of wealthiest persons after shares of Arnault's firm fell over 2 percent in the latest trade.

The rise in Musk's wealth can also be partly attributed to the latest surge in Tesla stock prices. They rose about 89 percent so far in 2023, data showed.

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Musk and Arnault have been neck-and-neck on the list of the richest people.

In December 2022, Bernard Arnault reportedly overtook the Tesla head when he was in the second spot for more than two months. Musk reclaimed again in late February.

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In December 2022, Bernard Arnault reportedly overtook the Tesla head when he was in the second spot for more than two months. Musk reclaimed again in late February.

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