Elon Musk has displaced Bernard Arnault as the world's richest person, as Tesla stock surges and LVMH slumps
Musk's wealth passed Arnault's on Wednesday after LVMH slipped nearly 3% in Paris trading, according to theThe French conglomerate's stock plunge wiped over $5 billion off of Arnault's personal fortune, per Bloomberg, while Musk's wealth jumped nearly $2 billion as Tesla posted modest gains.and has since traded places with both Arnault and Amazon founder Jeff Bezos – has a net worth of $192 billion, Bloomberg data shows.
His riches have ballooned over the past month, with Tesla's share price up 26% in May. Investors piled into the stock on the assumption that Musk will spend more time running the EV maker now that he's hired Linda Yaccarino as Twitter's new CEO. He's still comfortably the world's second-richest person, ahead of Bezos, who's worth $144 billion.
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