By: The Opinion Updated 07 Dec 2021, 17: 07 pm EST
During the early hours of this Wednesday, Elon Musk, the new owner of Twitter, was dethroned momentarily the title of the richest man in the world.
After his large cash outlay to acquire the social networking company and the subsequent fall in Tesla’s stock price, Elon Musk was surpassed in the Forbes ranking of the richest men in the world.
Hot on the heels of Musk and seemingly poised to grab bragging rights as the world’s wealthiest person in the short term is Bernard Arnault, the CEO of the parent company of Louis Vuitton, LVMH .
Bernard Arnault had already been considered the richest in the world for a few hours in May of 2021. The fortune of the owner of Louis Vuitton has benefited in recent months from an improvement in his brand’s results, the world number one in the luxury sector, which obtained a net profit of 17 thousand 270 million dollars in .
According to Fortune magazine, at some point on Wednesday, with an estimated fortune of 185.700 millions of dollars, Bernard Arnaul beat Musk, but at 07: 17 am ET, I was a little from behind.
Musk holds the title of richest person in the world in the list published by Forbes since September 2021, when he displaced Amazon founder Jeff Bezos, who is now in the number four position atro.
Elon Musk’s problems
The fortune of the owner of Twitter and Tesla has been affected by the loss of more than 54% of Tesla’s value since the businessman bought the social media platform, which has affected his bottom line.
Earlier this year, according to Forbes, Elon Musk was worth more than 620. millions of dollars. As of 17 November, he had lost 185. million dollars this year alone.
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