The fortune of Tesla and SpaceX CEO Elon Musk, has once again topped $192 billion, making him the world's richest person, after shares of the electric carmaker rose about 24% in May and saw a 40.3% jump this year.
The latest Bloomberg Billionaires Index report shows that LVMH, the company behind luxury brands such as Louis Vuitton, Fendi, and Hennessy, has suffered a market value drop of approximately 10% since April.
This downfall resulted in Arnault losing $11 billion from his net worth in a day.
Arnault's fortune amounts to an astonishing $187 billion, placing him in second place on the list of the world's richest individuals. Meanwhile, Jeff Bezos, the founder of Amazon, ranks third with a colossal wealth of $144 billion.
Arnault first surpassed Musk in December as the tech industry struggled and luxury showed resilience in the face of inflation.
Elon Musk Becomes World’s Richest Person Again, Surpasses Louis Vuitton's Bernard Arnault
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