Tycoon takes the first position with a fortune valued at U$S 192 billion (about R$ 973.4 billion), followed by the owner of Louis Vuitton, Bernard Arnault
Elon Musk he returned to assume the post of richest person in the world by overcoming French businessman Bernard Arnault, owner of Louis Vuitton, who since December 2022 was in the lead. According to the Bloomberg list, which is the 31st largest and has 500 people, he takes the first position with a fortune valued at U$S 192 billion (about R$ 973.4 billion), US$ 5 billion more than the French. Billionaires have been fighting for months for leadership and taking turns in the first position, which is now in the control of Tesla’s CEO. In the first five months of 2023, Musk accumulated a gain of US$ 55.3 billion (about R$ 277 billion), which were driven by the rise of Tesla, the tycoon’s main source of income – it represents 71% of the businessman’s fortune. The positive points recorded in the first five months of the year, offset the loss recorded last year, which reached more than US$ 100 billion and made him the first person to lose more than US$ 200 billion. Musk also owns the twitter and CEO of SpaceX. Unlike Musk, shares in Bernard Arnault’s LVMH have fallen 10% since April, representing an $11 billion loss of the Frenchman’s net worth in a single day.
If Musk is seeing his fortune grow, his company, Twitter, is going the opposite way, because it is currently worth a third of the $ 44 billion that the billionaire spent last year to buy the social network, according to an estimate. of the investment fund Fidelity, one of the companies that participated in the operation. Fidelity estimates its stake in Twitter was worth just over $6.5 billion at the end of April, compared with $19.7 billion in October last year, when Musk completed the acquisition of the company. Thus, the fund’s estimate – which appears in a document detailing its investments – would give Twitter a valuation of around US$ 15 billion today. Musk, who bought Twitter last year with a promise to restore his vision of “free speech”, has made major changes to how the platform works, prompting many advertisers to withdraw or reduce their ad spend on the social network. So far, advertising has accounted for most of the company’s revenue, where the tycoon has carried out a major cut in staff amid warnings of possible bankruptcy if spending is not reduced.
*With information from EFE
Source: Jovempan
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