Elon Musk Again World’s Richest Person as Arnault’s LVMH Sinks
- Tesla shares have risen 66% this year, boosting Musk’s fortune
- Slowing economic growth has affected sales of luxury goods
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Elon Musk has retaken the title of world’s wealthiest person.
The Tesla Inc. chief executive officer surpassed luxury tycoon Bernard Arnault on Wednesday after shares of Arnault’s LVMH fell 2.6% in Paris trading.