Elon Musk is once again the world’s richest man

Hong Kong
CNN
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Elon Musk has reclaimed his position as the world’s richest person.

That’s according to a Bloomberg Billionaires count, which estimated the Tesla ( TSLA ) CEO’s net worth is now about $192 billion, compared to LVMH ( LVMHF ) CEO Bernard Arnault’s $187 billion.

The two centibillionaires, a term used to refer to people with fortunes of more than $100 billion, have been neck-and-neck for the top spot for months.

This week, Arnault’s fortune fell after a drop in LVMH’s stock on Wednesday, according to Bloomberg calculations.

Arnault overtook Musk in December, as his fortune climbed due to a boom in luxury goods sales that helped boost LVMH’s share price. LVMH, one of the world’s largest conglomerates, is home to brands including Louis Vuitton, Dior and Celine.

Musk, meanwhile, has seen a meteoric rise on the world’s rich lists in recent years as his fortune is directly linked to Tesla, the electric car manufacturer. His biggest asset is the company’s stock, of which he owns around 13%, according to Bloomberg.

Outside of Tesla, Musk is also the CEO of SpaceX, the space exploration company, and the owner of the social network Twitter (TWTR).

LVMH’s shares are up 19.7% this year, while Tesla’s have risen 65.6% so far this year.