Elon Musk is no longer the wealthiest person, according to Forbes, after a decline in Tesla share price meant that LVMH CEO Bernard Arnault knocked him from his lofty perch. Musk held the title of the world’s wealthiest man since September 2021, when he overtook Amazon founder Jeff Bezos. Musk, who is currently dedicated to building Twitter, is said to have diverted his focus from his other businesses after closing the deal for the microblogging site in October.Arnault made his fortune building the world’s largest luxury conglomerate, which includes brands like Louis Vuitton but also Tiffany, Tag Heuer, and Celine.
According to Forbes, Musk is now worth about $178bn (£152bn).
Meanwhile, Bernard Arnault has a value of $188bn.
Elon Musk is no longer the richest person in the world
