Elon Musk Reclaims Title As World’s Richest From Bernard Arnault—As Net Worth Reaches $210 Billion

Topline

Tesla CEO Elon Musk overtook LVMH chief Bernard Arnault to become the world’s richest person Thursday, doing so after briefly losing the title to Arnault overnight, when LVMH shares jumped in morning trading in Europe.

Key Facts

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Key Background

Musk, Arnault and Bezos have traded the title of world’s richest person over the past few months. Amazon is trading up more than 3% in the past three months, as Tesla and LVMH have experienced 1.4% and 8% slides over the same period, respectively. Musk’s net worth is mostly tied up in equity he owns in his private companies such as SpaceX and his artificial intelligence startup, xAI. Musk’s net worth could jump significantly if Tesla shareholders vote to reinstate his $50 billion pay package next week, which would raise Musk’s equity in Tesla from 13% to 22%. The vote will likely be carried out as Musk challenges a Delaware judge’s ruling that voided the payout in January over concerns about conflict of interest and Musk’s influence on the company’s board.

Further Reading

Bernard Arnault Overtakes Elon Musk To Become World’s Richest Again (Forbes)

Tesla Shareholders Vote On Elon Musk’s $50 Billion Pay Package Next Week—Here’s What’s At Stake (Forbes)