Bernard Arnault loses his place as the richest man in the world to Elon Musk

by time news

The rise in the ranking of Elon Musk is explained above all by the good health of his investments in the entrepreneur’s companies. NTB / REUTERS

The Tesla boss has taken over the top of the world wealth rankings, according to Bloomberg.

Two billion dollars: it is the – thin – gap that separates the two richest men in the world. According to the ranking carried out by Bloomberg, the CEO of Twitter and SpaceX, Elon Musk, is again at the top of the ranking, with a net worth now estimated at 187 billion dollars. The businessman, also at the head of Tesla, is followed by the boss of LVMH, Bernard Arnault, with 185 billion dollars, then by Jeff Bezos, founder of Amazon, who completes the podium, with 117 billion dollars. dollars. Françoise Bettencourt, the first Frenchwoman in the ranking, is in twelfth place, with 80 billion dollars.

The rise in the ranking of Elon Musk is explained above all by the return to grace of the entrepreneur’s investments. The current, dynamic context of the financial markets is boosting speculation and the placement of money. Tesla benefits the most. The automaker had lowered its prices for the Model 3 and Y in early January. Both models can now be purchased from 39,990 euros. As a direct consequence, sales have increased and Tesla’s share price has jumped 90%, compared to the beginning of January 2023.

At the head of LVMH, Bernard Arnault is making a solid start to 2023. Although the company’s share price reached 830 euros at the beginning of February, the latter fluctuates. Dependent on its Asian clientele, the luxury giant should notably benefit from the strong comeback of the economies of the region, particularly China, to drive up the action. And why not, continue the mano a mano with Elon Musk.

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