File Photo Delhi: Elon Musk has once again become the richest person in the world. Tesla CEO Musk beats French businessman Bernard Arnault Elon Musk’s wealth has increased tremendously in the last few days. Bernard Arnault of Paris Trading lost 2.6% in LVMH shares. Elon Musk got the benefit of this recession. There was a race for the top spot on the Bloomberg Billionaires Index this year. Sometimes Elon Musk and sometimes Bernard Arnault were on top. Arnault remained at number one for the entire year. Musk could not overtake them. Bernard Arnault’s fortunes will decline Bernard Arnault is a 74-year-old business tycoon. He became the richest person in the world in December 2022 by overtaking Musk. Arnault founded LVMH. He owns several other brands including Louis Vuitton, Fendi, and Hennessy. According to Bloomberg, the luxury sector has declined due to China’s economic slowdown. As a result, LVMH shares declined by about 10% after April. Loss of $ 11 billion in one day At one point, Arnault’s net worth was reduced by $ 11 billion in one day. His net worth took a hit of $5.25 billion on Wednesday. Now Bernard Arnault’s net worth is $ 187 billion. His wealth has increased by $ 24.5 billion this year. File Photo What is the net worth of Elon Musk? The wealth of the world’s richest man Elon Musk has increased. Assets have increased to $192 billion. According to the Bloomberg Billionaires Index, Elon Musk’s net worth increased by $1.98 billion on Wednesday. This year his wealth has increased by $ 55.3 billion. Read also Tesla’s revenue dropped Musk was more worried about Tesla than Twitter. Because the company could not perform well in the March quarter. The company traded 80% less cash than last year. The company has reduced the prices of its EVs to promote EV production. Because earlier this year it was not the demand for the products in the EV market rather than the prices. His stock had fallen 60%. But now Musk is turning his attention to Tesla. Musk also hinted at raising the price of EVs. No Indian in Top 10 There is no Indian in Top 10 of Bloomberg Billionaires Index. In this list, Mukesh Ambani, chairman of Reliance Industries, is at the 13th position with assets of $ 84.7 billion, or about Rs 6.99 lakh crore. While Gautam Adani is at the 19th position with a net worth of $61.3 billion or Rs 5.05 lakh crore.