2023-06-01 07:21:17
The boss of Tesla and SpaceX is now at the head of a fortune estimated at 192 billion dollars, against 187 billion dollars for the CEO of LVMH.
Par
Le Figaro
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Elon Musk recovers (for the moment) his throne. The billionaire, boss of Tesla and SpaceX and owner of Twitter, resumed his place as the richest person in the world on Wednesday, according to the reference ranking of billionaires produced by the American financial group Bloomberg. He thus passed the Frenchman Bernard Arnault, who had stolen the number one spot from him for the first time in December 2022.
The whimsical billionaire of South African origin, became a figure of the American right, is today at the head of a fortune estimated at 192 billion dollars (180 billion euros), according to calculations by Bloomberg, against 187 billion dollars (175 billion euros) for Bernard Arnault, the president -CEO of LVMH. The founder of Amazon, Jeff Bezos, completes the podium, with a fortune estimated at 144 billion dollars (135 billion euros).
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Tesla’s rebound on the stock market
Elon Musk is taking full advantage of Tesla’s rebound on the stock market. Driven by market phenomena, as well as by a strong increase in demand – the Tesla Model Y has become best selling car in the world in the first quarter of 2023, a first for a 100% electric vehicle -, the manufacturer has seen its share price swell by nearly 66% since the start of the year. A boon for Elon Musk, whose fortune is made up of 71% Tesla shares.
At the same time, the billionaire benefits from the stock market difficulties of LVMH. The action of the Bernard Arnault group, which notably owns Louis Vuitton, Hennessy and Fendi, has thus fallen by 6% over the last month on the Paris Stock Exchange, suffering from concerns weighing on the luxury sector. Fears whose cause is to be found in the signs of a slowdown in global economic growth, in particular in the crucial Chinese market, which could lead to a weakening of demand.
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