Tesla CEO Elon Musk regained the title of the richest person in the world.
According to a Bloomberg report, Tesla CEO Elon Musk’s wealth increased as the price of his carmaker’s stock increased, Elon Musk increased his wealth by more than fifty billion dollars.
The fortune of the owner of Space and Twitter has reached 192 billion dollars. It should be noted that Elon Musk has increased his wealth by 55.3 billion dollars this year.
French luxury goods tycoon Bernard d’Or Noult is in second place with $187 billion.
According to Bloomberg, growing signs of slowing economic growth are beginning to erode confidence in the growth of the luxury sector, particularly in China’s fragile market. LVMH shares have fallen nearly 10 percent since April, at one point wiping $11 billion off Arnault’s net worth in a single day.
Musk, meanwhile, has raked in more than $55.3 billion this year, largely due to Tesla. Tesla’s share in Elon Musk’s wealth is 71%. According to the Bloomberg Billionaires Index, Musk is now worth about $192.3 billion, while Arnault’s fortune is about $186.6 billion.
