Elon Musk is again the richest person in the world

by time news

2023-06-01 20:10:40

Dhe stock market gives, the stock market takes: Just last December, the Frenchman Bernard Arnault rose to become the richest person in the world in the rankings of the Bloomberg financial service. As boss and major shareholder of the luxury goods group LVMH Moët Hennessy – Louis Vuitton, he brought it to a private fortune of an estimated 171 billion dollars (about 161 billion euros) – and for the first time surpassed the previous leader Elon Musk, boss and shareholder, for more than a few hours of the US automaker Tesla.

The reason is simple, LVMH’s stock price has soared to new record highs on strong demand for bags, watches and other luxury items, while Tesla has lost significant favor with investors. But almost half a year later, the wind has turned: Now it is the LVMH course, which is weakening due to weaker growth prospects in markets like China and has increased by less than 20 percent since the beginning of the year, while it is for the Tesla course, whose model Y was estimated to be the world’s best-selling car in the first quarter, up more than 60 percent over the same period.


Françoise Bettencourt Meyers, the richest woman in the world
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Image: AFP

According to Bloomberg, Musk now has a fortune of $192 billion, while Arnault has to be content with $187 billion. The distance to the third-placed Amazon founder and shareholder Jeff Bezos from the USA is largely maintained, according to Bloomberg it is currently 144 billion dollars.

The top 11 richest people are men, with the richest woman being L’Oréal heiress Françoise Bettencourt Meyers at number 12 with $86 billion. The rest of the top ten are also exclusively American. According to the ranking of logistics entrepreneurs, the richest German is Klaus-Michael Kühne with assets of around 41 billion dollars.

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