Elon Musk briefly loses title of world's richest man to Bernard Arnault: Tesla owner and Chief Twit's fortune falls to $185.3B from its $300B peak last year

By KEITH GRIFFITH FOR DAILYMAIL.COM and REUTERS
PUBLISHED: 16:26, 7 December 2022 | UPDATED: 16:50, 7 December 2022

Twitter owner and Tesla CEO Elon Musk briefly lost his title as the world's richest person to Bernard Arnault on Wednesday, according to Forbes.

Musk's fortune dipped to $185.3 billion, falling just behind the $185.4 billion personal wealth of Arnault, the chief executive of luxury brand Louis Vuitton's parent company LVMH, and his family.

It was the first time since September 2021 that Musk was knocked out of first place on the Forbes' Real Time Billionaires list, which is constantly updated based on stock prices.

After briefly falling behind Arnault on Wednesday, Musk popped back into the lead, and the two billionaires were vying for top spot as the trading day unfolded.


Twitter owner and Tesla CEO Elon Musk briefly lost his title as the world's richest person to LVMH chairman Bernard Arnault (right) on Wednesday

It follows a turbulent period for Musk, who sold off significant swathes of his Tesla holdings to fund his $44 billion Twitter takeover six weeks ago.

Tesla's shares fell about 4 percent in morning trading on Wednesday.

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The Chief Twit has been DETHRONED!

Give us 1 million each.

I will soon join the billionaire gang...

Nothing is permanent in this life. My target na Dangote. By the time I overtake him I will start aiming for the number one position.

Don't doubt me, I am an incurable optimist.

A.F. Branco Cartoon – Ol' Saint Twit
A.F. BRANCO on December 7, 2022 at 5:00 am

Elon Musk Grinch

To the MS-Media and the left, Elon is the Grinch who stole their corrupt censorship platform. Political cartoon by A.F. Branco ©2022.

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