Elon Musk again tops the chart in the race for the wealthiest person in the world. No wonder his innovative and creative mind has done this miracle several times, and it is not the first time he is done this.
Bernard Arnault and Elon Musk were necked to neck this year to get the top spot in the Bloomberg Billionaire Index. As the shares of Bernard Arnault fell by 2.6%, it paved the way for Elon Musk to reach the top spot.
Arnault first surpassed Musk in 2022 when the share prices of the tech industry struggled in luxury and showed resilience at the time of inflation. Not only these reasons contributed to the success of Elon Musk in reaching the top spot, but also other factors are there which contributed to the growth of Elon Musk.
Reasons Elon Musk Tops The Chart Of The Richest Person
There are several reasons why Elon Musk tops the chart for becoming the wealthiest person in the world right now. Some of the core important factors that you should consider at your end are as follows:-
- Shares Of LVMH tumbled by 10% from the time of April it contributing to the downfall of the luxury sector. Due to this fall in demand for luxury goods wipes out $11 billion from Arnold’s Net worth in a single day.
- Due to the growth of Tesla Inc, Elon Musk has gained $55.3 billion this year. The Austin-based automaker prefers 71% of the fortune and 66% year to date.
- According to the Bloomberg Price Index, the current net worth of Elon Musk is valued at $192.3 billion, while Arnold’s is $186.6 billion.
Hence, Elon Musk’s innovative mind and Tesla’s success have made him to become the richest person in the world today. Elon Musk is not just an entrepreneur but an inspiration to the next generation of Entrepreneurs so they can succeed in their entire lives.