Musk and Arnault Continue Tug-of-War for World's Richest Title

Fluctuations in Tesla and LVMH stock prices cause frequent changes in billionaires' net worth rankings.

Elon Musk and Bernard Arnault, CEO of LVMH, have been swapping places as the world's richest person due to fluctuations in their respective companies' stock prices.
Arnault's net worth increased to $207.6 billion after a $23.6 billion increase, surpassing Musk's $204.7 billion net worth.
Musk reclaimed the title after Tesla stocks recovered slightly, pushing his estimated net worth past $210 billion, with Arnault close behind at $208.5 billion.
The fluctuations in their net worths are largely due to the performance of their companies' stocks, with LVMH shares soaring after strong sales for 2023, and Tesla's share price rallying after a steep slump.
The ongoing wealth tug-of-war between Musk and Arnault began in 2022, with both billionaires' fortunes largely dependent on the performance of their respective companies.