Elon Musk is no longer the richest person in the world
Elon Musk has long been considered the richest person in the world. However, after his Twitter takeover and a slump in Tesla stock, LVMH CEO Bernard Arnault pushed him off the throne. The backgrounds.
In September 2021, Tesla CEO Elon Musk dethroned Amazon founder Jeff Bezos and captured the title of “world’s richest person.” According to the business magazine forbes Musk wrote in a mocking email at the time that he wanted to send Bezos a statue with the number two and a silver medal.
But now, about a year later, the richest person in the world has apparently had to give up his title again. Because after Musk’s Twitter takeovers and a slump in Tesla shares, Frenchman Bernard Arnault pushed him off the throne. That comes from a current forbes-Report out.
Elon Musk vs. Bernard Arnault: Who is the richest person in the world?
Accordingly, Musk had to cede his title to Arnault on December 12, 2022 after the market closed. Meanwhile, the Frenchman and LVMH CEO built his fortune with what is now one of the largest luxury conglomerates in the world. The listed LVMH Group includes brands such as Louis Vuitton, Dior, Tiffany and champagne manufacturer Moët & Chandon.
Elon Musk’s wealth, meanwhile, is mostly tied to his Tesla stock. A veritable price explosion of over 1,000 percent in the past two years had made him the richest person in the world. But after the Tesla CEO took over the short message service Twitter, things went downhill in terms of wealth.
Because the value of Tesla shares has almost halved this year. This is partly due to a sell-off, especially since Musk sold billions of his own shares for his Twitter deal. A recent price slump of around five percent has now in turn ensured that Bernard Arnault, with assets of around 186.5 billion US dollars, is just ahead of Musk.
Will Bernard Arnault send Musk a silver medal?
However, since his lead is slim given the two multi-billionaires’ assets of five billion US dollars, Elon Musk could quickly climb back to the top.
Of the Billionaire’s Index from Bloombergmeanwhile, due to different calculation methods, Musk still leads as the richest person in the world with a fortune of 168 billion US dollars – compared to Arnault with 167 billion US dollars.
It is doubtful whether Arnault would indulge in egocentricity and send Musk a silver medal and a statue with the number two based on the Frobes rating.
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