Elon Musk reclaims title of world’s wealthiest person with an estimated net worth of $192 billion, surpassing LVMH CEO Bernard Arnault’s $187 billion, according to Bloomberg Billionaires. Musk and Arnault have been in a close race for the top spot. Arnault’s wealth declined after a drop in LVMH’s stock, while Musk’s rise is attributed to the success of Tesla, of which he owns about 13%. In addition to Tesla, Musk is the CEO of SpaceX and owner of Twitter. LVMH’s stock has risen 19.7% this year, while Tesla’s has seen a 65.6% increase.
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