According to Forbes, at 3:30 p.m. ET on Wednesday, Arnault surpassed Musk to become the world’s richest person with an estimated $184.7 billion, but when US markets closed at 4:00 p.m. ET, Musk was back. to the top with $185.4 billion.
On September 27, 2021, Musk overtook Amazon’s Jeff Bezos to become the world’s richest person for the first time.
Bezos has since fallen to fourth with $111.3 billion, while Indian businessman Gautam Adani ranks third with $134.8 billion.
Musk’s main source of wealth is Tesla, whose shares peaked at $320 billion in November 2021 after car rental giant Hertz announced a large order from the maker of electric vehicles.
But in 2022, Tesla’s shares are down nearly 50 percent.
Also in October 2022, the billionaire acquired the social media platform Twitter, for $44 billion.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without the prior written permission of PUNCH.
Contact: [email protected]