Elon Musk Regains Title of World’s Richest Person

American entrepreneur and billionaire Elon Musk has regained the title of the world's richest person, shortly after ceding it to French LVMH owner Bernard Arnault and his family. This was reported by RIA Novosti, referencing Forbes.

According to the latest billionaire rankings, which the publication states is updated "in real-time", Musk's net worth is estimated at $185.8 billion, while Arnault and his family's wealth stands at $185.5 billion.

Earlier on Wednesday, Elon Musk had lost the top spot on the list of the world's richest people to Arnault and his family. His wealth was estimated at $184.6 billion, compared to Arnault's $185.1 billion.

The French LVMH produces luxury goods under brands such as Louis Vuitton, Givenchy, Guerlain, Kenzo, Moet & Chandon, Hennessy, and others. Its headquarters is located in Paris.