Forbes May Global Top 10 Billionaires: Musk's wealth shrinks by $35 billion, LV chairman drops out of the top ten

Glonghui, May 6th — According to Forbes statistics, April was a bumper month for billionaires. The S&P 500 Index and the Nasdaq Index jumped 9% and 15% respectively, pushing the combined wealth of the world's top ten richest people (all Americans) to $2.7 trillion. As of midnight on May 1 (US Eastern Time), their combined wealth increased by $260 billion compared to a month earlier. Of these, Google co-founder Larry Page performed the best, becoming the third person in history to see his net worth surpass $300 billion last Thursday.Elon Musk was the only individual among the top ten whose wealth shrank, with a decrease of $35 billion (about 4%) to roughly $782 billion. The main reason is that, according to the latest documents submitted to the state of Alaska by his company in April, Forbes has adjusted his shareholding in SpaceX (valued at $1.25 trillion) from 43% down to 40%.Walmart heir Jim Walton entered the top ten for the first time in at least three years, climbing two spots to tenth place. Bernard Arnault, chairman of French luxury giant LVMH, was the only person among last month’s top ten to drop off the list—falling from tenth to eleventh place, with his wealth dipping by nearly $1 billion to around $142 billion.