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Elon Musk loses title of world’s richest man to Bernard Arnault

BREAKING NEWS: Elon Musk loses title of world’s richest man to Bernard Arnault: Tesla owner and Chief Twit’s fortune drops to $185.3 billion

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Twitter owner and Tesla CEO Elon Musk lost his title as the world’s richest person on Wednesday, according to Forbes, following his high-priced bets to buy the social media company and sell shares of his electric car company to fund the $44 billion deal .

Bernard Arnault, the CEO of LVMH, the parent company of luxury brand Louis Vuitton, and his family won the title with a personal wealth of $185.4 billion, according to Forbes.

Musk, who has held the top spot on Forbes’ list of the world’s richest since September 2021, has a net worth of $185.3 billion.

Tesla shares fell about 4 percent in morning trading on Wednesday.

Developing story, more to follow.

Twitter Owner And Tesla Ceo Elon Musk Lost His Title As The Richest Person In The World On Wednesday, According To Forbes

Twitter owner and Tesla CEO Elon Musk lost his title as the richest person in the world on Wednesday, according to Forbes

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Jacky

The author of what'snew2day.com is dedicated to keeping you up-to-date on the latest news and information.

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