Twitter owner and Tesla boss Elon Musk lost his title as the world’s richest person on Wednesday after the sharp drop in the value of his stake in the electric car maker, according to Forbes. As you know, Musk bought Twitter for $44 billion.Elon Musk, CEO of Tesla, SpaceX and Twitter, recently became the world’s first person to lose $100 billion. Reaching a value of 340 billion dollars in November 2021 and topping Forbes’ richest list since September 2021, Musk’s fortune is $ 185.4 billion and is now in second place on the list. Musk took over the leadership from Amazon founder Jeff Bezos.
Musk loses leadership to Bernard Arnault
At the top of Forbes’ richest list is Bernard Arnault, CEO of luxury brand Louis Vuitton’s parent company LVMH, and his family. Arnault currently has a net worth of $186.2 billion.Due to economic conditions, rising inflation and supply chain problems, Tesla shares, which hold a significant portion of Musk’s wealth, have lost almost 50 percent since the beginning of the year. On the other hand, the rivalry between Musk and Arnault is not expected to last very long. Experts say that Musk will return to the top in a short time.
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