Much of Musk’s wealth is tied up in Tesla stock, which saw a historic plummet last year amid a shaky market and investors’ concerns over his polarizing takeover of Twitter.
Son is a Japanese-Korean tech investor who saw about 75 per cent of his net worth wiped out during the dot-com crash.
While Tesla stock saw a volatile 2022, Arnault’s LVMH experienced a modest drop in shares, as demand for luxury goods remained stable during the pandemic.