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	<div class="breadcrumbs"><a href="https://youngmindsonline.org">Home</a> <span class="sep"> / </span> <a href="https://youngmindsonline.org/category/main-news/">Main News</a> <span class="sep"> / </span> <span class="current">Elon Musk loses rank as the world’s richest person</span></div>			 <article id="post-16164" class="post-16164 post type-post status-publish format-standard has-post-thumbnail hentry category-main-news">
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                    <h1 class="entry-title">Elon Musk loses rank as the world’s richest person</h1>
                                                <aside id="meta-16164" class="entry-meta"><span class="posted-on">Posted on </span><a href="https://youngmindsonline.org/2023/03/05/elon-musk-loses-rank-as-the-worlds-richest-person/" title="7:15 PM"><time class="entry-date" datetime="2023-03-05T19:15:49+05:30">March 5, 2023</time></a><span class="by-author"> by </span><span class="author vcard"><a class="url fn n" href="https://youngmindsonline.org/author/admin/" title="View all posts by admin" rel="author">admin</a></span><span class="posted-in"> in </span><a href="https://youngmindsonline.org/category/main-news/" rel="tag">Main News</a> 		</aside>
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<p>Elon Musk has once again lost his spot as world’s richest person to French billionaire Bernard Arnault of the luxury congolmerate LVMH. Earlier this week, the Tesla and Twitter boss briefly retook the number one spot on the global wealth pyramid, with his net worth reaching an estimated $187.1bn. Between November 2021 and December 2022, the Twitter owner’s net worth fell by over $200bn, one of the largest losses of wealth in recent history.</p>
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