Elon Musk overtook French-born fashion icon Bernard Arnault to become the world’s richest person after the close of trading on Wednesday. That’s according to Bloomberg Billionaire’s balance sheet, which puts Tesla’s Elon Musk’s net worth at about $192 billion and LVMH CEO Bernard Arnault’s net worth at $187 billion. The duo, who call themselves “centipillionaires” with a net worth of more than $100 billion, have been battling for the top spot for months.
Musk’s net worth is estimated at about $192 billion, according to Bloomberg Billionaire
The two billionaires have been battling for the top spot for months.
Arnault surpassed Musk in December on a surge in luxury sales, but is now dwindling in wealth after LVMH shares fell.
Musk’s wealth is closely tied to Tesla’s success, as his biggest asset is the company’s stock, of which he owns around 13%.