Flash News
While crossing the English Channel, several immigrants lost their lives, among them a child
The number of victims from floods in Bosnia-Herzegovina reaches 21
Berisha publishes the soundtrack that will accompany the October 7 protest
Dogji gruan me benzinë, sot seanca ndaj Bledar Trëndafilit
The fire in the private asylum in Tirana injured 4 elderly people
Elon Musk overtakes Bernard Arnault, becomes the richest man in the world again
Politiko
2023-06-01 15:31:31
Elon Musk has regained his position as the richest person in the world.
At least that's according to a Bloomberg report, which estimated that the Tesla CEO's net worth is now around $192 billion, compared to $187 billion for LVMH CEO Bernard Arnault.
The two centillionaires, a term used to refer to people with wealth of more than $100 billion, have been neck and neck for the top spot for months. This week, Arnault's fortune fell after a drop in LVMH shares on Wednesday, according to Bloomberg calculations.
Arnault overtook Musk in December as his fortune grew due to a boom in luxury goods sales that helped boost LVMH's share price. LVMH, one of the world's largest conglomerates, is home to brands including Louis Vuitton, Dior and Celine. Meanwhile, Musk has enjoyed a meteoric rise up the world's rich lists in recent years, as his fortunes are directly linked to those of Tesla, the electric vehicle maker. His biggest asset is from the company's stock, of which he owns about 13%, according to Bloomberg.
Outside of Tesla, Musk is also CEO of SpaceX, the space exploration firm, and owner of the social network Twitter. LVMH shares are up 19.7% this year, while Tesla is up 65.6%.
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