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James Duncan Davidson
He outperformed Louis Vuitton Moet Hennessy company’s President Bernard Arnault ($185.3 billion).
The agency attributed this to a roughly 70% increase in Tesla's stock price since the year's beginning. Due to lower prices, the business also saw an increase in sales of electric vehicles.
Forbes pegged Mr. Arnault and his family's wealth at $188.6 billion in December 2022 and Elon Musk's income at $176.8 billion.
Elon Musk broke the mark and entered the Guinness World Records book for the largest loss of fortune in the history in January 2023.
source: bloomberg.com
The agency attributed this to a roughly 70% increase in Tesla's stock price since the year's beginning. Due to lower prices, the business also saw an increase in sales of electric vehicles.
Forbes pegged Mr. Arnault and his family's wealth at $188.6 billion in December 2022 and Elon Musk's income at $176.8 billion.
Elon Musk broke the mark and entered the Guinness World Records book for the largest loss of fortune in the history in January 2023.
source: bloomberg.com
