Bernard Arnold replaced Musk as the number one richest person
washington, Elon Musk, the owner of Twitter, Tesla and SpaceX, has lost his crown as the world’s richest person. According to Forbes, an organization that monitors the wealth of the world’s billionaires, Elon Musk has lost his number one crown for a while. Bernard Arnold, owner of LVMH, the parent company of luxury purse maker Louis Vuitton, has replaced Alan Musk as the number one richest man. It is worth mentioning that Tesla’s shares have been continuously falling since the announcement of purchase of Twitter by Musk. Musk bought Twitter for $44 billion in October-2022.
Notably, Bernard Arnault became the richest person in the world with a net worth of $185.5 billion, but it is noteworthy that Elon Musk’s personal net worth is $185.7 billion, as Musk’s company’s stock plunged. . In September-2021, Musk became the world’s richest person, surpassing then-richest person and e-commerce company founder Jeff Bezos.
Elon Musk’s net worth was over $200 billion at the start of 2022, but a steady decline in Tesla’s stock this year has pushed it to its lowest level in two years.
The company has been facing various challenges ever since the impact of the Corona period subsided. Along with this, Musk’s decision to buy Twitter has caused a huge drop in its shares. Tesla is suffering huge losses due to the lockdown in China. In such a situation, Elon Musk’s wealth is continuously decreasing.
