Tesla CEO, Elon Musk, has reclaimed the title of the world’s richest man.
According to Bloomberg Billionaires Index, Musk surpassed Bernard Arnault on Wednesday, after shares of Arnault’s LVMH fell 2.6% in Paris trading.
Elon Musk’s total net worth is valued at around $192 billion.
74-year-old Arnault and Musk have been competing for the top spot in Bloomberg’s world’s richest people ranking.
Arnault first surpassed Musk in December, as the tech industry struggled and luxury showed resilience in the face of inflation, a Bloomberg report said.
Bernard Arnault’s LVHM owns brands like Louis Vuitton, Fendi and Hennessy.
Apart from Tesla, Elon Musk is also the CEO of SpaceX and the owner of social network platform Twitter.
According to Bloomberg Billionaires Index, the top 10 Richest People In The World as of June 1, 2023, are:
1 Elon Musk – $192B
2. Bernard Arnault – $187B
3. Jeff Bezos – $144B
4. Bill Gates – $125B
5. Larry Ellison – $118B
6. Steve Ballmer – $114B
7. Warren Buffett – $112B
8. Larry Page – $111B
9. Sergey Brin – $106B
10. Mark Zuckerberg – $96.5B
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