Elon Musk Becomes World’s Richest Person in the World Again
Elon Musk has retaken the title of world's wealthiest person.
The Tesla Inc. chief executive officer surpassed luxury tycoon Bernard Arnault on Wednesday after shares of Arnault's LVMH fell 2.6% in Paris trading.
Musk and the 74-year-old Frenchman have been neck-and-neck for the top spot this year in the Bloomberg Billionaires Index, a listing of the world's 500 richest people.
Arnault first surpassed Musk in December as the tech industry struggled and luxury showed resilience in the face of inflation. LVMH, which Arnault founded, owns brands including Louis Vuitton, Fendi and Hennessy.
Source:- The National News
By: Gurmeet Singh
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