Elon Musk regained the title of the richest man in the world

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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

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%.

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