Elon Musk, head of electric car maker Tesla, has reclaimed his position as the world’s richest person. He has defeated Bernard Arnault, the CEO of the French luxury brand Louis Vuitton. Musk’s net worth is about $192 billion and Bernard’s is about $187 billion.

According to the Bloomberg Billionaires Index, Musk and Bernard are followed by Jeff Bezos, head of global e-commerce giant Amazon, and Bill Gates, founder of Microsoft, one of the largest software companies, with a wealth of $144 billion. and 125,000 million dollars. respectively. This index periodically ranks the richest people in the world. A drop of more than two percent in the share price of Bernard’s company has helped Musk outperform him on net worth. Tesla shares are up nearly 89 percent this year.

There’s a tough fight going on between Musk and Bernard on this list of billionaires. Late last year, Bernard had accomplished the feat of outpacing Musk to become the world’s richest person. Musk had recently said that the next 12 months would be difficult for the global economy. He said it will affect Tesla too. Musk told the company’s annual shareholder meeting that deliveries of Tesla’s Cybertruck pickup could also begin soon. He said: “Tesla is not insulated from the global economic situation. My guess is that the next 12 months may be difficult on a macro level.” With this, Musk had said that this year the company could launch full autonomous driving technology. This is likely to boost Tesla’s profits. The company sells full self-driving (FSD) software as an option for around $15,000.

Tesla’s electric car prices have been cut in recent months. This has affected the margin of the company. Tesla plans to start manufacturing electric vehicles (EVs) in India. The central government has indicated about this company plan. Tesla executives have discussed this with senior government officials. Many global companies want to expand their supply chain outside of China and India may be a good option for them.