LVMH chairman Bernard Arnault is $69 billion richer than Elon Musk after Tesla shares fell more than 20% this month.
The market value of LVMH, the company chaired by the world’s richest person Bernard Arnault, just surpassed that of Tesla, the firm led by the world’s second-richest person Elon Musk, for the first time in several months, as Arnault’s lead on Musk as the richest man extends to nearly $70 billion.
That narrowly falls short of Tesla’s $510 billion market cap after shares of the American electric vehicle titan slipped, bringing its AprilIt’d the first time since mid-January that LVMH’s market cap topped Tesla’s, according to YCharts data, and the first time since June 2020, excluding the three-week blip for Tesla at the turn of 2023.
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