Elon Musk And Bernard Arnault Each Gain $13 Billion In One Week As Stock Markets Hit Record Highs

The fortune of Elon Musk and the owner of Louis Vuitton grew by $ 13 billion after the record growth of markets and pointed almost the same indicators of the richest businessman in the world Jeff Bezos. Equity markets closed with a new record for the fourth week in a row.

Arno's LVMH shares rose 7.8% over the week and hit a record high. Investors expect high sales of the company and approve of new acquisitions and partnerships, Forbes USA reports. The purchase of the Tiffany & Co. jewelry brand had a positive impact for $ 15.8 billion.

 Arnault's fortune reached $ 181.6 billion, follows from the Forbes Real-Time rating that is updated in real time. The businessman's capital has grown by more than $ 100 billion since March 2020, noted the American Forbes.

Arnault is on the second line in the current Forbes list following the results of five days of trading. 
Elon Musk updated this result on Tuesday by his fortune added $ 12.3 billion in a day. But on Friday Arno beat him again. Now Musk's fortune is estimated at $ 179.7 billion, follows from the Forbes Real-Time list. Tesla shares ended the week of trading at nearly $ 740 - up 9.3% in five days. The shares of the company began to rise rapidly after Canaccord Genuity analyst Jed Dorsheimer more than doubled the forecast for the share price - from $ 419 to $ 1,071 per share. The expert noted Tesla's potential to expand into a broader renewable energy market, such as solar energy or energy storage. Tesla shares are still 16% less than their peak in January, but 31% more than their low after falling in March, Forbes USA drew attention to. According to Dorsheimer, Tesla's potential in the renewable energy market is comparable to Apple's dominance in consumer electronics.