Elon Musk Loses the Title of Richest Person for a Time

Elon Musk briefly lost the title of the world’s richest person on Forbes’ billionaires list to Bernard Arnault, CEO of Louis Vuitton’s roof company, and his family. So who are the top five on the list? Let’s see.

It recently bought the popular social media platform for an astronomical $44 billion. Elon Muskhas been number one on the list of the richest people in the world for some time. However, information from Forbes’ list of billionaires revealed that the 51-year-old entrepreneur briefly lost this title.

According to Forbes, the Tesla CEO lost his title after his acquisition of Twitter and the sharp decline of his stake in electric car company Tesla. Number one is the CEO of LVMH, the parent company of fashion giant Louis Vuittion. Bernard Arnault and his family settled with $185.4 billion. However, Musk back to number one shortly after settled down.

Musk is number one on Forbes’ list since September 2021

Elon Musk, the head of technology giants such as Tesla, SpaceX and Neuralink, from September 2021 He has been at the top of Forbes’ billionaires list ever since. The famous businessman had taken the lead by surpassing Jeff Bezos, the founder of Amazon.

The famous billionaire’s net worth is on Nov. 8 as investors sold Tesla shares on the grounds that Musk was too busy with Twitter. under $200 billion had fallen. In addition, let’s not forget that Musk’s fortune has fallen by $ 70 billion since his bid for Twitter in April, and Tesla has lost almost half of its market value.

Going back to Forbes’ list, Bernard Arnault and his family currently remain in second place. In third place is businessman Gautam Adami, who surpassed Jeff Bezos. According to Forbes, the five richest people in the world and their wealth are as follows;

According to Forbes, the five richest people in the world are;

  1. Elon Musk (USA) – $184.9 billion
  2. Bernard Arnault and his family (France) – $184.7 billion
  3. Gautam Adani (India) – $134.8 billion
  4. Jeff Bezos (USA) – 111.3 billion dollars
  5. Warren Buffet (USA) – $106.2 billion


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