According to a Bloomberg Billionaires tally, Tesla CEO’s net worth is now about $192 billion, compared to the LVMH CEO, Bernard Arnault who is currently worth $187 billion.
The two billionaires have copied the position for months with Bernard Arnault leading.
This week, Arnault’s wealth slid after a drop in LVMH’s stock Wednesday, according to Bloomberg calculations.
Arnault surpassed Musk in December, as his wealth climbed due to a boom in luxury goods sales that helped drive up LVMH’s stock price. LVMH, one of the world’s biggest conglomerates, is home to brands including Louis Vuitton, Dior and Celine.
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Musk on the other hand has grown wealthy through his technology companies, Tesla, the electric automaker. His biggest asset is the company’s stock, of which he owns about 13%, according to Bloomberg.
Outside of Tesla, Musk is also CEO of SpaceX, the space exploration firm, and the owner of social network Twitter.
LVMH’s shares are up 19.7% this year, while Tesla’s have risen 65.6% in the year to date.