The first place was occupied by Bernard Arnault for only a couple of days.
Elon Musk regained the title of the world’s richest man this week in a showdown with French tycoon Bernard Arnault, according to Forbes’ list of billionaires. Musk was helped by a recovery in Tesla shares.
On Monday, July 24, Musk’s net worth increased by $4.1 billion to $240.7 billion, according to Forbes calculations. Earlier, Tesla shares were up more than 2.5% to just over $266. Prior to this, the company’s shares fell when Elon Musk announced that the company would offer seven-year loan financing to new Tesla customers.
Elon Musk regained the title of the richest man in the world
![Elon Musk Elon Musk](https://phonemantra.com/wp-content/uploads/2023/07/Elon-Musk-10.png)
Arnaud, CEO of luxury goods giant LVMH, which owns Louis Vuitton, Christian Dior and Tiffany, has dropped to $234.9 billion as LVMH shares plunge.
Musk lost the title of the richest man in the world on Friday, July 21. Then his fortune was reduced by $ 20 billion due to a drop in Tesla shares by almost 10%.