Elon Musk No Longer World's Richest Man.

Elon Musk No Longer World's Richest Man After Losing $1.9 Billion In A Day

Elon Musk has once again lost his spot as the world's richest person just 

48 hours after he reclaimed the title, Fortune reported.

Elon Musk has once again lost his spot as the world's richest person just 48 hours 

after he reclaimed the title, Fortune reported. Earlier this week, the Tesla and 

SpaceX chief briefly retook the number one spot on the global wealth pyramid. 

According to Bloomberg Billionaires Index, his net worth reached an estimated 

$187.1 billion.

However, Fortune reported that shares of Tesla fell by more than 5% on 

Wednesday, causing Mr Musk's net worth to drop by nearly $2 billion and allowing 

French billionaire Bernard Arnault, CEO of the French luxury brand Louis Vuitton, to

reclaim the top spot. Mr Musk's net worth was down $1.91 billion on the day, to 

$184 billion. This placed him below the $186 billion fortune of Mr Arnault. 

Notably, the role reversal happened just two days after Mr Musk knocked Mr Arnault off the top spot.

 The French billionaire unseated the Twitter chief in December after Tesla's share 

price fell by 65% in 2022 due to various factors. 

However, Tesla had climbed 100 per cent, driven by increased investor demand, 

customer interest in recently discounted Tesla models, and a better economic 

forecast, according to Bloomberg. But as recently as December, things looked very 

different for Mr Musk. Between November 2021 and December 2022, Mr Musk's 

net worth fell by over $200 billion, which was regarded as one of the largest losses 

of wealth in recent history. 

The rapid decrease in the value of Tesla shares at the time caused the sudden crash.

 The company had its worst year ever on Wall Street last year, losing $700 billion 

because of investor apprehensions regarding the effects of COVID-19 in China and 

Mr Musk's contentious takeover of Twitter.

Mr Musk himself made light of his at times chaotic finances. Last week, taking to 

Twitter, he joked that after his continuous takeover of the micro-blogging website in 

2022, he had spent $44 billion to acquire "the world's largest non-profit". 

Post a commentIn November, Mr Musk tweeted that the microblogging site was losing nearly $4 million a day. 

The billionaire then presided over deep layoffs at the social media 

company. Recently, Twitter announced its eighth round of layoffs. 

Notably, it has slashed its workforce nearly 75%, from 7,500 

employees down to about 2,000 in recent months. 

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Bernard Arnault and family is the richest man in the world.

Bernard Arnault Net Worth: Elon Musk is not the richest person in the world 

anymore and Bernard Arnault has snatched this title from him. French business 

tycoon Bernard Arnault has overtaken Twitter and Tesla owner Elon Musk in terms 

of the richest person in the world. Bernard Arnault is a French businessman, who 

has been serving as the CEO/Chairman of LVMH since 1989. Here we will know who 

is Bernard Arnault and what is his business and how much wealth does he have?

Every time he has been in the first, second, and third positions among the richest 

people in the world. It is said about him that for the last twenty years, he has 

remained among the richest people in the world. So today we will learn about 

Bernard Arnault Net Worth in 2023 – Bio, Career, Age, Height, Family, and Richest 

Man via this page.

Who is Bernard Arnault?

Bernard Arnault was born in Roubaix, France on 5 March 1949 to an industrial family.

 He studied engineering at the Ecole Polytechnique in Paris and later began his 

career as an engineer at the family’s Ferret-Savinel construction company. Talking 

about Bernard Arnault, he is the co-founder and chairman of LVMH.

This company manufactures luxury products under the name of Louis Vuitton brand and it is high premium brand.

 After studying at the Ecole Polytechnique, he started working as an engineer with 

the Ferret-Savinel construction company. He has married twice, with whom he has 5 children.

 Bernard Jean Etienne Arnault, 73 years old, is rarely seen in public and keeps himself away from social media.

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