Elon Musk is no longer Richest Man In The World, Know Who is No.1?

Elon Musk Vs Bernard Arnault: Who is the Richest Man In The World Ever?

After Monday’s US Stock market opens, Tesla Shares were down by Rs. 700 Crore Rupees ($7.4 Billion). Now Musk’s loses his Richest Man Title.

Meet the new Richest Man In The World, none other than he is most popular Frech Businessman Bernard Arnault.

You don’t even think how Bernard Arnault is rich.

Elon Musk’s net worth is falling by $4.5 Billion.

Bernard Arnault & family is the richest billionaires with a Whopping net worth of $188.6 billion.

Why Elon Musk is no longer the richest man in the world?

Tesla founder and Twitter CEO Elon Musk lost his 1st position as the world’s richest man after Tesla shares fell by 4 percent on Monday.

Musk lost around $7.4 billion worth of Tesla shares and was taken over by LVMH CEO Bernard Arnault, as per the world’s real-time billionaires list.

According to a Forbes report, Musk’s current worth as of Wednesday (Tuesday, 10:15 pm in New York), is standing at $176.8 billion, which is $11.8 billion less than Bernard Arnault’s worth, an estimated $188.2 billion.

Musk’s net worth is currently seeing a fall of $4.5 billion dollars while Bernard Arnault & family saw a gain of $2.7 billion in the last 2 days.

Notably, the 51-year-old Billionaire saw an abrupt hike in his overall net worth from 2020 to 2022.

Musk’s $24.6 billion net worth reached $340 billion in 2022 as recorded by the billionaire’s wealth index.

However, Musk’s Twitter deal becomes very costly. He loses around Rs 2,500 crore daily.

Elon Musk’s net worth is made up of his stock and ownership of the six giant companies he co-founded, including Tesla, SpaceX, Boring Company, Twitter, Neuralink, and others.

Who is the Richest Man In The World? | Who is Bernard Arnault?

Bernard Arnault is a French businessman and is the chairman of LVMH Moet Hennessy and the CEO of Louis Vuitton group(LV).

Bernard Arnault & family owns roughly 70 companies, including Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Sephora, Princess Yachts, TAG Heuer, Bulgari, and Tiffany & Co. and more which add to their immense net worth of $188.6 billion.

Interestingly, Musk and Arnault were in a close tiff for the number one position on the billionaire’s List.

However, this time, the difference between their net worth is significant, and to get back the titles, Musk will be needing to add more than $12 billion.

FAQs

Who is Bernard Arnault?

Bernard Arnault is the CEO Of The Louis Vuitton group(LV).

How many companies Bernard Arnault Owns?

Bernard owns more than 70 giant companies like LV, Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Sephora, Princess Yachts, TAG Heuer, Bulgari, and more

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