Who is the richest person in the world in 2023, Elon Musk or Bernard Arnault?

After missing the cut for the top spot on the Forbes annual list of the richest people in 2023 when the outlet published the roll in April, the centi-billionaire is back as the richest person in the world.

Bloomberg Billionaires Index updates daily, showing the ranking of the world's wealthiest individuals at the end of each trading day on the stock market. The May 31 update shows Musk overtaking Bernard Arnault, the owner of luxury goods brands such as Louis Vuitton, Christian Dior and Tiffany & Co.

Arnault was named the richest person in the world by Forbes in April, but a recent drop in his company's stock catapulted Musk ahead.

According to Bloomberg, Arnault's value dropped by over $5 billion in a day, putting his estimated net worth at $187 billion compared to Musk's $192 billion as of May 31.

Who is the richest billionaire in the world now?

Musk's year-to-date net worth has grown by more than twice what Arnault has earned in that time, but it remains to be seen if his net worth, which is largely tied to stock in companies he owns like SpaceX, Tesla and Twitter, will grow or fall significantly beyond what Arnault earns.

See daily updates on the richest people from Bloomberg's report at bloomberg.com/billionaires/.

This article originally appeared on Austin American-Statesman: Who is the richest person in 2023, Elon Musk or Bernard Arnault?