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Musk briefly loses the job of world’s richest man

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  Elon Musk briefly lost his position as the world s richest person on Wednesday to LVMH CEO Bernard Arnault whose family owns the luxury brand Louis Vuitton 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 Source link
Musk briefly loses the job of world’s richest man

Elon Musk

Elon Musk briefly lost his position as the world’s richest person on Wednesday to LVMH CEO Bernard Arnault, whose family owns the luxury brand Louis Vuitton.

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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.

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Jeff Bezos

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On September 27, 2021, Musk overtook Amazon’s Jeff Bezos to become the world’s richest person for the first time.

Gautam Adani

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

Also in October 2022, the billionaire acquired the social media platform Twitter, for $44 billion.


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