In a recent update from the Bloomberg Billionaires Index, Elon Musk has once again emerged as the world’s wealthiest individual, surpassing Bernard Arnault, the CEO of the renowned French luxury brand Louis Vuitton. As of the latest assessment, Musk’s net worth stands at approximately USD 192 billion, while Arnault’s trails behind at USD 187 billion. Trailing behind the top two are Jeff Bezos and Bill Gates, with net worths of USD 144 billion and USD 125 billion, respectively.
The Bloomberg Billionaires Index is a daily ranking that highlights the financial standing of the world’s richest individuals. Detailed calculations regarding net worth analysis can be found on each billionaire’s profile page. These figures are updated at the conclusion of every trading day in New York.
Musk’s return to the coveted position of the wealthiest person is primarily attributed to a significant decline in the shares of Arnault’s company, which experienced a drop of over 2 percent during the latest trading session. Furthermore, the surge in Tesla stock prices has also contributed to the rise in Musk’s wealth. Year-to-date, Tesla stocks have witnessed an impressive increase of approximately 89 percent.
It’s worth noting that Musk and Arnault have been closely competing for the top spot on the list of the world’s richest individuals. In December 2022, Arnault temporarily surpassed Musk and held the second position for over two months. However, Musk reclaimed his title in late February.
With this recent development, Elon Musk reaffirms his status as a prominent figure in the business and technology sectors, continuing to make headlines with his groundbreaking ventures and achievements.