Elon Musk is taking a backseat to the newly-crowned wealthiest particular person on this planet: Bernard Arnault.
Bernard, who serves because the chief government of LVMH Moët Hennessy–Louis Vuitton SE (the world’s largest luxurious items firm), has now been positioned within the high spot, along with his wealth now estimated at $170.6 billion, based on the Bloomberg Billionaire Index.
As for Elon, The Wall Road Journal, citing Bloomberg’s findings, famous {that a} “extended droop in Tesla’s inventory has worn out greater than $100 billion” of the CEO’s internet price this 12 months, which is at the moment valued at $163.1 billion.
The shake up within the record of billionaire rankings, printed by the corporate on Dec. 13, comes a bit of greater than a 12 months after Elon picked up the hefty title late final 12 months.
In September 2021, the House X founder surpassed former Amazon CEO Jeff Bezos because the richest man on this planet (a title Jeff earned that July), after he turned the third particular person ever to have a fortune price $200 billion, Forbes famous on the time.
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