Elon Musk reclaims the position of the wealthiest individual globally, surpassing tycoon Bernard Arnault.

Elon Musk continues to hold the title of the world’s richest person, according to a Bloomberg report. On Wednesday, Musk, the CEO of Tesla Inc., surpassed luxury mogul Bernard Arnault when shares of Arnault’s LVMH dropped by 2.6% during trading in Paris.

The article mentioned that this year’s Bloomberg Billionaires Index, which ranks the 500 wealthiest individuals globally, had Musk and the 74-year-old Frenchman tied for the top spot.

As per the report, Arnault initially overtook Musk in December when the tech sector faced challenges while the luxury sector remained resilient in the face of inflation.

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