2023-05-28 05:19:17
The wealth gap between Tesla co-founder Elon Musk and French LVMH billionaire Bernard Arnault narrowed to just $8 billion following a good week for tech companies driven by artificial intelligence and convergence to find a solution to the US debt ceiling crisis.
On the other hand, luxury goods companies were under strong pressure, following the “LVMH” stock fell by more than 7% until Thursday last week, rising once more on Friday with the general recovery of stock markets.
The richest man in the world loses $11 billion of his wealth in one day
Owner of the company that owns more than 15 luxury goods brands, Bernard Arnault, including Louis Vuitton, Christian Dior, Tiffany, and more, has a net worth of $193 billion.
While Elon Musk added an estimated $9 billion to his fortune in the last week alone, taking it to $185 billion.
Despite Musk’s huge profits since the beginning of the year, which added $48.4 billion to his fortune, he is still the second billionaire to earn the most in 2023, especially following Facebook founder Mark Zuckerberg said goodbye to a wonderful series. One of the crashes that led to a low rating. In the 1940s, he was included in the “Bloomberg Billionaires” list at the beginning of the year, ranking 10th with a net worth of US$95.5 billion as of last Friday, adding regarding US$50 billion to your wealth.
Zuckerberg previously achieved the highest rank when he was ranked third on the billionaires list.
The 3 richest people in the world have added more than $116 billion to their wealth since the beginning of the year, while the ten most profitable billionaires in 2023 have accumulated more than $316 billion to their wealth.
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