Features
Elon Musk Reclaims His Position As Richest Person In The World
![](https://onyxnewsng.com/wp-content/uploads/2023/06/GettyImages-1215628293-c32a14bc41c34aa9adee9e41f6c7fb68.jpg)
Elon Musk Reclaims His Position As Richest Person In The World
Elon Musk has reclaimed his position as the world’s richest person.
According to Bloomberg Billionaires tally, which estimated the Tesla CEO’s net worth is now about $192 billion, compared to LVMH CEO Bernard Arnault’s $187 billion.
The two centibillionaires, a term used to refer to people with fortunes of more than $100 billion, have been neck-and-neck for the top spot for months.
This week, Arnault’s wealth slid after a drop in LVMH’s stock Wednesday, according to Bloomberg calculations.
Arnault surpassed Musk in December, as his wealth climbed due to a boom in luxury goods sales that helped drive up LVMH’s stock price. LVMH, one of the world’s biggest conglomerates, is home to brands including Louis Vuitton, Dior and Celine.
Musk, meanwhile, 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 automaker. His biggest asset is the company’s stock, of which he owns about 13%, according to Bloomberg.
Apart of Tesla, Musk is also CEO of SpaceX, the space exploration company, and the owner of social network Twitter.
LVMH’s shares are up 19.7% this year, while Tesla’s have risen 65.6% in the year to date.
-
Headline1 week ago
BREAKING: Gareth Southgate Quits As England Head Coach
-
Crime1 week ago
BREAKING: Police Announce Arrest Of Crypto Billionaire Blord Over Allege Fraud, Terrorism
-
Headline1 week ago
PHOTOS: Moment Kylian Mbappe Unveiled As Real Madrid Player
-
Headline1 week ago
JUST IN: FIFA Launches Investigation On Argentinian Players’ Racist Chants
-
Entertainment1 week ago
BREAKING: BBNaija Reduces Grand Prize For 2024 Edition
-
Entertainment6 days ago
Protest Not The Answer, Be Patient With Tinubu – Actor Yul Edochie Urges Nigerians
-
Headline7 days ago
JUST IN: Donald Trump Vows to End Wars, Restore US Power
-
Headline1 week ago
JUST IN: President Tinubu Appoints Walson-Jack As New Head Of Civil Service
-
Entertainment5 days ago
GWR: Nigerian Doctor Breaks Record For Largest Drawing
-
Headline5 days ago
TRANSFER: De Bruyne Agrees Deal To Leave Man City