In a billionaire ballet that continues to captivate financial enthusiasts, Elon Musk and Bernard Arnault have been trading places as the world’s richest person, leaving observers in a constant state of flux. Bloomberg and Forbes, both renowned for their billionaire rankings, reported conflicting results on Monday, with Bloomberg crowning Musk as the wealthiest in the morning, while Forbes held Bernard Arnault in the top spot.
The rapid lead changes are attributed to the real-time nature of Forbes’ billionaire list, updating every five minutes, reflecting the volatility of Musk’s fortunes tied to Tesla’s stock performance. This dance of financial supremacy isn’t new; Arnault previously overtook Musk in December 2022, only to be dethroned again by the SpaceX founder.
The differing methodologies of Bloomberg and Forbes in calculating wealth contribute to the disparities, with Bloomberg placing Arnault as the third-richest behind Musk and Bezos. Such discrepancies in net worth rankings are not uncommon, with billionaires historically disputing figures. Despite the daily rollercoaster, both Tesla and LVMH stocks experienced relatively modest movements on Monday, emphasizing that while the billionaires play musical chairs, the markets maintain a degree of stability.
