New Delhi: Tech billionaire and Twitter new chief Elon Musk has lost its world’s most richest title for a brief moment from Bernard Arnault, the owner of LVMH, according to Forbes’ report. This happened when Bernard Arnault’s net worth rose of $185. 4 billion while Elon Musk’s net worth was pegged at $185.3 billion on Wednesday.
As of now, both of them have almost the same fortune with a mere difference of $200 million. Thereforce, it is possible to see the up and down in the title of world’s richest person in the world between Elon Musk and Bernard Arnault.
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Elon Musk’s wealth dips drastically
Elon Musk has seen a dramatic drop of his wealth due to Twitter saga and drastic drop in Tesla’s shares price. It has pushed it’s overall net worth down to $185, which was peaked at $320 billion in November 2021.
On September 27, 2021, Elon Musk overtook Amazon’s Jeff Bezos as the world’s richest person for the first time.
Who is Bernard Arnault?
French-based buisnessmen Bernard Arnault looks for LVMH empire that includes over 70 fashion and cosmetic brands such as Louis Vuitton and Sephora. He has built up Paris-based fashion empire to make LVMH one of the most valuable empires in the world.