Elon Musk, founder and CEO of electric car maker Tesla, is no longer the world’s richest man, having been ousted by Bernard Arnault.
Once estimated at $340 billion, Musk, 51, has fallen more than $100 billion since January to $168.5 billion. Bloomberg Multimillionaire Index.
That was the value of his assets at 3:20 pm (Lisbon time), trailing $172.9 billion to 73-year-old Bernard Arnault, who owes much of his fortune to the 48% he owns in the fashion giant. luxury LVMH.
At this time, around 16:00, Musk regained the first line of the podium in this ranking, but may retreat again, as the index constantly evaluates the most risky assets. Elon Musk now has a net worth of $168 billion, but he’s back in first place because Arno already only has $167 billion “in his wallet.”
I’m on list from Forbes, Elon Musk remains in second place after being overtaken by Arno earlier in the day.
Musk has been at the top of the list since September 2021, when he ousted Amazon founder Jeff Bezos.
Tesla shares continue to fall 3.10% to $162.62, but have already fallen more than 6% and have already lost more than half their value this year, in part due to the accelerated sell-off after the Twitter acquisition. $44 billion mask.
