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.

Advertisement
By ANI | Updated: 1 June 2023 19:25 IST
Highlights
  • Musk's net worth was about $192 billion
  • Musk serves as Tesla CEO
  • Shares of Arnault's firm fell over 2 percent

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

Photo Credit: Bloomberg

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.

Advertisement

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.

Advertisement

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. 

Advertisement

Samsung Galaxy A34 5G was recently launched by the company in India alongside the more expensive Galaxy A54 5G smartphone. How does this phone fare against the Nothing Phone 1 and the iQoo Neo 7? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

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.

Affiliate links may be automatically generated - see our ethics statement for details.
 

Catch the latest from the Consumer Electronics Show on Gadgets 360, at our CES 2026 hub.

Further reading: Elon Musk, Tesla, Bill Gates, Jeff Bezos
Advertisement

Related Stories

Popular Mobile Brands
  1. Apple Pay Could Soon Be Available in India With Tap-to-Pay Support: Report
  2. Oppo Reno 15 FS 5G Launched With 6,500mAh Battery, Snapdragon 6 Gen 1 SoC
  3. Redmi Note 15 Pro Series 5G India Launch Gets Delayed
  4. Ram Charan's Peddi OTT Release Confirmed: What You Need to Know
  5. Here's How Much the Motorola Signature Could Cost in India
  6. Amazon Great Republic Day Sale: Top Gaming Laptops Under Rs. 1 Lakh
  7. iQOO 15 Ultra Scores Over 4.5 Million Points on AnTuTu Benchmark
  8. OnePlus Says India Operations 'Normal' Amid Claims of Internal Collapse
  9. Oppo Find X9 Ultra's Real-Life Images Reveal Bigger Telephoto Kit
  1. Shambala Now Streaming Online: What You Need to Know About Aadi Saikumar Starrer Movie
  2. Deepinder Goyal to Step Down as Eternal CEO; Blinkit’s Albinder Dhindsa Named Successor
  3. Microsoft CEO Satya Nadella Says AI’s Real Test Is Whether It Reaches Beyond Big Tech: Report
  4. Meta's New AI Team Delivered First Key Models Internally This Month, CTO Says
  5. Apple Pay Reportedly Likely to Launch in India Soon; iPhone Maker Said to Be in Talks With Card Networks
  6. Netflix Will Now Pay All Cash for Warner Bros. to Keep Paramount at Bay
  7. Xbox Game Pass Wave 2 Lineup for January Announced: Death Stranding Director's Cut, Space Marine 2 and More
  8. Best Laser Printers with Scanners That You Can Buy in India Right Now
  9. Samsung Sound Tower 2026 Lineup Launched in India With Up to 18 Hours of Playback, 240W Output: Price, Features
  10. iPhone 18 Pro, iPhone 18 Pro Max to Feature Centre-Aligned Selfie Camera Housed Inside Smaller Dynamic Island, Tipster Claims
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.