Elon Musk becomes the world’s richest man again, leaving behind Bernard Arnault

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Elon Musk Net Worth: Elon Musk has once again become the richest person in the world. Tesla’s CEO has left behind French industrialist Bernard Arnault. Elon Musk’s wealth has increased in the last few days. At the same time, the shares of Bernard Arnault LVMH of Paris Trading declined by 2.6 percent.

Due to a big fall in the shares of Bernard Arnault’s company, Elon Musk has again become the richest person in the world. The Bloomberg Billionaires Index was witnessing competition for the top spot this year. Sometimes Elon Musk and sometimes Bernard Arnault were at the top position. However, for a long time this year, Bernard Arnault remained the richest person in the world. And Elon Musk was in second place.

Big drop in Bernard Arnault’s shares

Bernard Arnault is a 74 year old French business tycoon. He became the richest person in the world for the first time in December 2022 leaving behind Musk. Arnault founded LVMH, which owns brands including Louis Vuitton, Fendi and Hennessy. According to Bloomberg news agency, the luxury sector has come down amid slow economic growth in China’s important market. In such a situation, the shares of LVMH have fallen by about 10 per cent since April.

11 billion dollar loss in 1 day

At one time, there was a loss of $ 11 billion from Arnault’s total assets in a single day. On the other hand, there has been a loss of $ 5.25 billion in their total assets on Wednesday. Now the total assets of Bernard Arnault have been 187 billion dollars. However, this year his wealth has increased by $24.5 billion.

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How much wealth did Elon Musk have?

The wealth of Elon Musk, who became the richest person in the world, has increased to $ 192 billion. According to the Bloomberg Billionaire Index, Elon Musk’s total assets have increased by $ 1.98 billion on Wednesday. This year his total assets have increased by $55.3 billion.

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