Elon Musk Regains Position as World’s Wealthiest Person, Overtaking Bernard Arnault

On Thursday, Tesla CEO Elon Musk surpassed LVMH chief Bernard Arnault to become the world’s richest person, regaining the title after briefly losing it to Arnault overnight due to an increase in LVMH shares during morning trading in Europe. Musk’s estimated net worth reached $210.4 billion, surpassing Arnault’s $209.4 billion.

Musk’s net worth increased by $1.8 billion on Thursday as Tesla shares traded up nearly 2%, with Musk owning a 13% stake in the electric vehicle company. Over the past few months, Musk, Arnault, and Jeff Bezos have been trading the title of the world’s richest person as Amazon and Tesla have seen fluctuations in their stock prices.

Amazon founder Jeff Bezos has an estimated net worth of $201.3 billion, while Musk owns several private companies like SpaceX and xAI that contribute significantly to his net worth. If Tesla shareholders vote to reinstate Elon Musk’s $50 billion pay package next week, his equity in Tesla could see a significant increase from 13% to 22%. This ongoing battle for the title of the world’s richest person showcases the dynamic nature of wealth in today’s economy.

By Sophia Gonzalez

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