Elon Musk reclaims Richest Man in The World Title from Bernard Arnault (2023)
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Elon Musk, CEO of Tesla, surpassed LVMH chairman Bernard Arnault to become the world’s richest person on Thursday. The increase in position was owing to Musk’s electric car giant’s shares reaching their greatest level this year.
The increase in position was owing to Musk’s electric car giant’s shares reaching their greatest level this year. The top ten wealthiest people in the world as of June 9th.
According to Forbes, Elon Musk will be the world’s richest person on June 9, 2023. His estimated net worth is $220 billion, which is $5 billion higher than the second-richest individual, Bernard Arnault, who has a net worth of $215.4 billion.
Forbes has compiled a list of the top ten:
Name and Networth
Elon Musk $220.2 B
Bernard Arnault & family $215.4 B
Jeff Bezos $147.0 B
Larry Ellison $135.3 B
Warren Buffett $117.5 B
Bill Gates $115.1 B
Larry Page $103.8 B
Carlos Slim Helu & family $101.5 B
Steve Ballmer $100.1 B
Sergey Brin $98.6 B
How Elon Musk once again topped the charts:
Tesla stock rose 4.6% in Thursday trade, reaching $235 per share and extending its winning run to 10 days. This puts Tesla on course for its highest closing share price since October 6, 2022. Tesla shares have risen impressively after witnessing a dip and reaching a two-year low in early January.
As a consequence, Elon Musk has recaptured the title of world’s richest person, according to Forbes assessments. According to Forbes, Musk’s net worth is $220.2 billion, which is $4.2 billion more than Bernard Arnault’s as of the market close.
Why Did Elon Musk Lose His Title As World’s Richest Person?
Elon Musk already lost the title of richest person in the world to Arnault in December 2022. At the time, Musk’s net worth had plummeted by more than $100 billion by 2022.
Musk’s net worth was $168.5 billion in December 2022, falling short of Arnault’s $172.9 billion. Musk’s Twitter struggled financially in May 2023, with the current valuation of Twitter being roughly $15 billion, signifying a 33 percent fall since its takeover. However, Musk has reclaimed the top spot in June 2023.
Elon Musk reclaims Richest Man in The World Title from Bernard Arnault (2023) Elon Musk reclaims Richest Man in The World Title from Bernard Arnault (2023) Elon Musk reclaims Richest Man in The World Title from Bernard Arnault (2023) Elon Musk reclaims Richest Man in The World Title from Bernard Arnault (2023)
Source: Forbes Billionaires List 2023
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