Elon Musk Briefly Loses World’s Richest Man Title To Louis Vuitton CEO Bernard Arnault

Elon Musk Briefly Loses World’s Richest Man Title To Louis Vuitton CEO Bernard Arnault

Elon Musk Briefly Loses World’s Richest Man Title To Louis Vuitton CEO Bernard Arnault

Elon Musk Briefly Loses World’s Richest Man Title To Louis Vuitton CEO Bernard Arnault

Billionaire,  Elon Musk, the new CEO of Twitter and Telsa, was dethroned from his perch as the world’s richest person by Bernard Arnault, the CEO of Louis Vuitton, who was worth $185.8 billion at the time, or about $400 million more than Musk.

ALSO, READ BERNARD ARNAULT – Biography, Age, Family, Net-worth & Businesses

Musk’s reported decision to acquire Twitter, which required the Tesla CEO to inject 44 billion dollars, led to a drop in his wealth below $200 billion.

Musk’s unwavering focus on Twitter has allegedly led to a steady decline in Tesla stock, with the CEO selling nearly 20 million shares worth about $4 billion.

ALSO, READ The World’s Largest Insurance Companies In 2022 (According To Forbes)

Musk is very rich because he is the CEO and owner of several successful businesses, including Tesla, Twitter, SpaceX, Neuralink, and The Boring Company. There is a lot of movement in the Frobes’ billionaire rankings throughout the day’s trading, but Musk was able to regain his previous position later.

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I Am a financial analyst, Entrepreneur, Blogger and Business model. With 15 years' Consultancy Experience.

IBEH C. JOE

I Am a financial analyst, Entrepreneur, Blogger and Business model. With 15 years' Consultancy Experience.

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