Elon Musk regains the title of ‘world’s richest’
US businessman Elon Musk regained the title of “world’s richest person” from Bernard Arnault, the chairman of LVMH, the luxury consumer goods group that also includes the Louis Vuitton brand.
According to the United Press International (UPI) story, Musk, who gave up his seat to Arnault in April, has risen to the top of the “world’s richest” list after LVMH shares tumbled.
According to the news, which is based on the Bloomberg Billionaires Index’s list of the “World’s 500 Richest People,” Musk, the owner of Twitter, Tesla and SpaceX, tops the list with an estimated net worth of $192 billion. .
STOCK DROPS HAS STRUCK HIS WEALTH
Arnault, the world’s richest person, surpassed Musk with a fortune of $211 billion in the April ranking, his fortune falling to $187 billion due to the depreciation of his shares in the LVHM company.
It is claimed that while the value of LVMH shares has lost 10 percent in the last month, Arnault’s wealth has decreased by $11 billion in one day accordingly.
Jeff Bezos, the owner of Amazon, ranked 3rd in the list of the “richest people in the world”, with a fortune of 144 billion dollars, and Bill Gates, the owner of Microsoft, ranked 4th. from the list with 125 billion. dollars (BRITISH AUTOMOBILE CLUB)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
