Elon Musk loses title of world's richest man to LVMH's Arnault

Elon Musk loses name of worldwide’s richest guy to LVMH’s Arnault


Written By Komal Solanki

By means of

Reuters API Style


Dec 9, 2022

Twitter proprietor and Tesla Inc boss Elon Musk misplaced his name as the arena’s richest particular person on Wednesday, in line with Forbes, following his pricey bets to shop for the social media company and promoting shares of his electric-car corporate to fund the $44 billion deal.

Bernard Arnault – DR

Bernard Arnault, the executive govt of luxurious logo Louis Vuitton’s guardian corporate LVMH, and his circle of relatives took the name with a private wealth of $185.4 billion, in line with Forbes.

Musk, who has had held the highest spot at the Forbes listing for global’s richest since September 2021, has a web price of $185.3 billion.

Tesla’s stocks fell about 4%. 

© Thomson Reuters 2023 All rights reserved.

Share this into your social profile.


Leave a Reply

Your email address will not be published. Required fields are marked *

Read Latest Blogs