Elon Musk has reclaimed the title of the world’s richest man pushing Bernard Arnault to the second. According to Bloomberg’s report, Musk’s net worth jumped $55 billion just in 2023 while Arnault’s wealth fell by $5 billion in the last 24 hours.
Musk Pushed Arnault to Second
Bernard Arnault, the CEO of LVMH Moët Hennessy Louis Vuitton, took over the throne of the world’s wealthiest person last December when demand for his luxury goods skyrocketed. Since then, Elon Musk remained the second wealthiest person in the world as investors feared that Musk was so occupied as he took over twitter. Arnault’s wealth fell on Wednesday after a drop in LVMH’s stock, according to Bloomberg.
Tesla Shares Rose 88% This Year
While the French businessman Bernard Arnault’s wealth fell by $11 billion in a single day, Elon Musk’s wealth continued to rise. Tesla’s shares increased by 88% just this year, as reported by Bloomberg. The competition is still tougher than ever as experts believe that Arnault might take over again as Tesla has to compete for dominance.
