Elon Musk regained the title of the richest man in the world
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American billionaire Elon Musk once again became the world’s richest man, overtaking French tycoon Bernard Arnault after shares in Louis Vuitton Moet Hennessy (LVMH) fell 2.6% in Paris trading. This is reported by Bloomberg.
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It is noted that this year Musk and 74-year-old Arno are competing for the first place in the Bloomberg Billionaires Index ranking — the list of the 500 richest people in the world.
Arno first overtook Musk in December. The LVMH company, founded by Arnaud, owns such brands as Louis Vuitton, Fendi and Hennessy. LVMH shares have fallen by about 10% since April.
Elon Musk earned more than $55.3 billion this year, mostly thanks to Tesla. Auto production, which accounts for 71% of his fortune, has grown by 66% since the beginning of the year.
Now Musk’s fortune is estimated at about $192 billion, and Arno’s fortune is about $187 billion.
Let’s remind
The Ministry of Finance wrote that the president of the LVMH group of companies, Bernard Arnault, and his family topped the ranking of the richest people according to Forbes.
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News editor Roman Myronchuk writes on the following topics: Economy, finance, banks, cryptocurrencies, investments, technologies
Source: Ministry of Finance
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