Elon Musk, the Chief Executive Officer of Twitter
Elon Musk dethrones French multi-billionaire, reclaims his position as the world’s richest man
Elon Musk has reclaimed his position as the world’s richest person after dethroning French multi-billionaire Bernard Arnault from the top spot.
According to a Bloomberg Billionaires tally, Elon Musk net worth is now about $192 billion, compared to LVMH (LVMHF) CEO Bernard Arnault’s $187 billion.
The Twitter chief surpassed the French luxury brand tycoon on Wednesday after shares of Mr Arnault’s LVMH fell 2.6 per cent in Paris trading.
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The two centibillionaires, a term used to refer to people with fortunes of more than $100 billion, have been neck-and-neck for the top spot for months.
Mr Arnault runs the world’s largest luxury brands conglomerate that includes companies such as Louis Vuitton, Tiffany, Celine and Tag Heuer.
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