Elon Musk is about to lose his title as the richest billionaire in the world

According to the ranking of Forbes billionaires in a short time, on December 7, the billionaire Elon Musk fell to the second place, next to the French luxury billionaire family Bernard Arnault & Gia.

Billionaire Elon Musk, CEO of Tesla and SpaceX, and the new owner of the social network Twitter, is on the verge of losing his position as the richest person in the world, at least according to the measure widely used by many people who know.
In particular, according to CNN, in a short time on December 7, the billionaire Elon Musk dropped to second place on the list of "Real-Time Billionaires" of Forbes magazine, after the fashion industry billionaire Bernard Arnault, CEO of the leading French brand LVMH, luxury. Manufacturer of Louis Vuitton and Hennessy.
As of the morning of December 8, billionaire Elon Musk owns a total of 185.4 billion USD, more than the net worth of 184.7 billion USD held by Bernard Arnault & Family. Previously, according to CNN, there was a time when billionaire Elon Musk owned only 200 million dollars more than the net worth of billionaire Bernard Arnault & Family. That. So it will not be surprising if they continue to create competition in the Forbes list of the richest people in the world, "according to Forbes magazine.
The publication also said that the recent rise of billionaire Bernard Arnault is due to the fact that the value of the shares of LVMH has remained the most unchanged this year, while the value of the shares of the electric car company Tesla run by the billionaire Elon Musk has experienced a "severe decline in 2022", down 56%.
Elon Musk's strategy of supporting influencers on Twitter can also affect the price of Tesla's stock. Forbes magazine said Musk's net worth peaked in November 2021, when he owned a total of $320 billion. Social media company Twitter passed the auction of 44 billion dollars. Elon Musk sold $15.4 billion worth of Tesla shares earlier this year when his deal to buy Twitter was announced.
The social media company itself is entangled with issues including layoffs as well as advertisers' caution about the platform's new direction.
However, assessing Elon Musk's wealth is generally a daunting task for many financial experts, because most of his assets are tied to private companies, including rocket and internet company SpaceX, tunneling company The Boring Company and Neuralink, which wants to put computer chips into it. The human brain.
Despite his net worth declining, billionaire Elon Musk still owns more assets than the third richest person in the world today, Indian billionaire Gautam Adani, who has a net worth of $134.8 billion, and Amazon founder Jeff Bezos, a billionaire owned by estimates. The net worth is 111.8 billion dollars. Meanwhile, according to the Bloomberg Billionaires Index, Elon Musk remains in first place with the highest net worth. 171 billion USD, as of the morning of 8/12. Billionaire Bernard Arnault is No. 2 on the list with a net worth of $166 billion.

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