February 21, 2024 11:56:58 booked.net

Elon Musk Lost The Crown Of The World’s Richest Person To Bernard Arnault!

According to the Bloomberg Billionaires Index, 51-year-old Elon Musk’s wealth has declined by $100 billion to $163.1 billion since January this year. At the same time, the net worth of 73-year-old Arnault is approximately $ 170.6 billion. He has benefited from his 48 percent ownership in fashion giant LVMH.

Elon Musk and bernard arnault

Elon Musk, who once owned a fortune of $ 340 billion, has lost the crown of the world’s richest person. Now Bernard Arnault is the new richest person in the world. According to the Bloomberg Billionaires Index, 51-year-old Musk’s wealth has declined by $ 100 billion to $ 163.1 billion since January this year. At the same time, the net worth of 73-year-old Arnault is approximately $ 170.6 billion. He has benefited from his 48 percent ownership in the legendary fashion company LVMH. Earlier, Musk was number two in September 2021. Thus, he remained the richest man in the world for more than a year.

In April this year, he surprised the world by bringing an offer of $ 44 billion for Twitter. Along with this, due to the monetary tightening of the Federal Reserve and other central banks, the valuation of Musk’s Tesla Inc. decreased significantly. This year the stock of the electric carmaker has lost almost 50 percent.

Musk Tried To Back Out Of The Twitter Deal But Failed.

elon musk

Arnault’s wealth remained even in difficult times. However, compared to Musk, the world’s new richest man Arnault’s life lacks drama. Arnault has long been on the list of the world’s richest, but his wealth has never grown like America’s tech billionaires. However, at a time when the fortunes of Mark Zuckerberg, Jeff Bezos, and Alphabet’s Larry Page and Sergey Brin were falling rapidly, Arnault’s net worth remained intact.