Flash News

Arrested a few meters from SPAK, the Special Prosecution seeks 17 years in prison for the drug 'boss'

Giro D'Italia starts today, here are the road axes that will be blocked in Tirana from 13:00-18:00

Who is the new Pope?

Pope Leo XIV greets the faithful for the first time in St. Peter's Square

"Freedom works", DP welcomes the US position

POLITIKOFF

Elon Musk overtakes Bernard Arnault, becomes the richest man in the world again

Politiko 2023-06-01 15:31:31

Elon Musk overtakes Bernard Arnault, becomes the richest man in the world again

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%.

Latest news