Tesla CEO, Elon Musk, has lost his title as the world’s richest person to Bernard Arnault following a steep drop in the value of his stake in Tesla and a $44 billion bet on Twitter.
In the Forbes list published on Tuesday, ‘The Real-Time Billionaires List’, Elon Musk’s estimated net worth is $180 billion, down by $39 billion from the previous year, Due to his $44billion acquisition of Twitter, which was paid for with Tesla stock, making Musk slip down the list of the world’s billionaires to second place as Arnault takes the first spot.
A French luxury goods magnate, Bernard Arnault, surpassed Musk, to take the title of the world’s richest billionaire.
According to Forbes’ calculations, the 74-year-old engineer tops the 2023 billionaires list with a $211 billion fortune, surpassing Elon Musk, who was placed first in 2022 and is now in second place, by $31 billion.