Abu Zar Mishwani
Elon Musk once again secures his status as the wealthiest person globally, surpassing Bernard Arnault, the CEO of the luxury brand Louis Vuitton, according to the Bloomberg Billionaires Index.
Based on the latest update from the Bloomberg Billionaires Index, Elon Musk’s net worth stood at approximately $192 billion, while Bernard Arnault’s net worth was recorded at $187 billion as of Thursday.
The index data reveals that following Musk and Arnault, Jeff Bezos and Bill Gates hold the next positions with net worths of $144 billion and $125 billion, respectively.
The index serves as a daily ranking of the richest individuals worldwide. The net worth calculations, which are detailed on each billionaire’s profile page, are updated at the end of each trading day in New York, ensuring the most up-to-date figures.
Following a decline of over 2% in the latest trade of Bernard Arnault’s company, Tesla CEO Elon Musk has regained his position at the top of the list of the world’s wealthiest individuals.
Data indicates that a significant factor contributing to Elon Musk’s increased wealth is the recent surge in Tesla stock prices, which have risen by approximately 89% in the year 2023 thus far. This surge in stock prices has played a role in bolstering Musk’s overall net worth.
Elon Musk and Bernard Arnault have been engaged in a close race on the list of the world’s wealthiest individuals.
In December 2022, there were reports stating that Bernard Arnault had surpassed Elon Musk, placing him in the second spot on the list of the world’s wealthiest individuals for over two months.
However, Musk regained the top position once again in late February. The rankings have experienced fluctuations as these influential figures compete for the title of the richest person.