Elon Musk Becomes World’s Richest Man Again

Tesla CEO Elon Musk has again become the richest person on this earth. He dethroned luxury tycoon Bernard Arnault after shares of the latter’s LVMH tumbled.

Since April, LVMH’s market value has tumbled about 10 per cent. As a result Arnault’s $11 billion was wiped out single day.

Arnault, the chief executive of luxury brand Louis Vuitton’s parent company LVMH, overtook Musk as the world’s richest man in December 2022

Elon Kusk’s fortune is now valued at about $192.3 billion, according to Bloomberg Billionaires Index. Arnault is in second place with a valuation of about $186.6 billion.

Besides Tesla and Twitter, Elon Musk also heads SpaceX and Neuralink, a start-up that is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers.