Elon Musk returns as world’s richest man
Elon Musk has reclaimed the number-one spot as the richest man on the planet after toppling luxury brand multi-billionaire owner, Bernard Arnault, from the top spot on Wednesday.
The Tesla and Twitter head surpassed the French luxury brand billionaire after the shares of LVMH owned by Mr Arnault dropped by 2.6% in Paris trading.
Bloomberg Billionaire Index places Elon Musk’s net worth at $192 billion, making him the first on the list and the world’s richest man at the moment.
The index places LVMH Bernard Arnault’s net worth at $187 billion making him the second on the list
The third position goes to Jeff Bezos of Amazon with a net worth of $144 billion.
Elon Musk runs Tesla, America’s foremost electric car company. He also owns Twitter, the popular micro-blogging platform, and Space X, his space programme initiative.
Mr Arnault owns LVMH, a French multinational holding, and conglomerate specialising in luxury goods. LVMH is the world’s leading dealer in luxury brands. It owns popular luxury brands like Louis Vuitton, Givenchy, Christine Dior, Fendi, Sephora, etc.
Messrs Musk and Arnault have been locked in a race for the number-one spot for several months.
The Bloomberg Billionaires Index is a credible daily ranking of the world’s 500 richest people based on their net worth.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
SDP backs Tinubu on fuel subsidy removal
Mr Agunloye said the removal of fuel subsidy which, if well-handled, could impact positively on both the economic growth and development of Nigeria.
Politics
Tinubu shouldn’t make ordinary Nigerians scapegoat of subsidy scam: Amnesty International
“Nigerians should not have to pay the price of decades of political and economic mismanagement of the subsidy scheme.
States
Oyo govt. to set up interim management team for PMS
The stakeholders also recommended that government should have a succession plan for PMS operations in the state.
States
Edo Assembly passes bill establishing training academy for civil servants
According to the lawmakers, the two institutions shall have governing boards whose chairmen will be appointed by the governor.
NationWide
Senate Presidency: South-East youth leaders reaffirm support for Kalu
“Now is the time to honour the agreement made to Sen Orji Uzor Kalu in 2019 by the APC to make him Senate President in 2023,” he said.
NationWide
IGP Usman Baba promotes 31,465 police officers; 24,991 sergeants become inspectors
Mr Adejobi said the IGP urged the promoted officers to add more pep in promoting the lofty principles, and values of modern policing and discharge their duties in line with the provisions of the extant
