washington, Elon Musk is no longer the richest person in the world. French billionaire and CEO of Louis Vuitton, Bernard Arnold, has overtaken him to become the number one. Elon’s move to No. 2 is the main reason Tesla’s stock is currently on a tear. Elon Musk has reached the second number in the listing of both Bloomberg Billionaire Index and Forbes Index.
According to Bloomberg, Arnold’s net worth is around 14.12 lakh crore rupees while Elon Musk’s net worth is around 13.5 lakh crore. While India’s Gautam Adani is at the third number with a net worth of around 10.32 lakh crore rupees. The name of Amazon founder Jeff Bezos and Bill Gates comes at number four.
The net worth of both of them is around 9.5 lakh crore rupees. While Mukesh Ambani is at the 9th position with a net worth of around 7.41 lakh crore rupees. Musk’s Tesla stock fell 4.09% to close at $160.95 on Monday. Musk’s net worth has taken a hit due to the stock price crash. Apart from this, during the entire year, the share price of Tesla has decreased by about 49.62%.
Talking about the world’s richest man, Bernard Arnold, he is considered the godfather of the modern luxury fashion industry.
He is the founder, chairman and largest shareholder of Louis Vuitton Moët Hennessy, the world’s most expensive and largest fashion group. Bernard Arnault’s Groupe Louis Vuitton has a market value four times that of its closest competitor, Kering.