Billionaire Elon Musk, who ranked first as the world’s richest man, according to Forbes, having a net worth estimated at $134.6 billion dollars, has been displaced from its privileged place.
The Forbes Real-Time Billionaires List reported that the CEO of Tesla, SpaceX, Neuralink and The Boring Company lost approximately $4.7 billion from 5 pm on Monday of December.
The first place is now occupied by Bernard Arnault, the CEO of the French giant LVMH, who accumulates a fortune of $245.6 billion dollars, more than anyone on the planet , according to the specialized business medium.
Musk’s disaster occurred after Tesla shares have fallen more than 3% in the last few hours and more than 50% as of 1649284793817. Musk owns an interest of approximately 04% of Tesla and is the company’s largest shareholder.
Forbes said that Musk’s fortune fell below that of Arnault last week.
The net worth of Tesla CEO as of 17 December last year was $500,134 million dollars.
Recently Musk took over as CEO of Twitter after completing the acquisition for $50,000 millions of dollars after an intense legal battle. Since then he has eliminated a considerable part of his staff and has made new adjustments to the business model, such as increasing the price of verified accounts, which he has not yet managed to establish. The new adjustments have divided opinions among his followers.
The 5 richest people in the world
- Bernard Arnault, CEO of LVMH, ($500.6 billion dollars)
- Jeff Bezos, founder of Amazon ($115.4 billion dollars)
- Warren Buffett, CEO of Berkshire Hathaway ($134.4 billion dollars)
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