Elon Musk loses title of world Richest Man to Bernard Arnault

Tesla boss and Twitter owner, Elon Musk, on Wednesday, lost the world’s richest title to Bernard Arnault after a steep drop in the value of his stake in the electric-car maker and a $44 billion bet on the social media firm.

Tesla’s shares fell about 4 per cent in morning trading on Wednesday, 7th of December 2022.

This is coming months after Musk sold Tesla stocks to fund the $44 billion purchase of Twitter.

According to Forbes, Bernard Arnault, who is the founder of the world’s largest luxury goods company, LVMH Moët Hennessy – Louis Vuitton SE, took the ‘world richest’ title with a personal wealth of $185.4 billion.

Elon Musk took over the World’s Richest title from Jeff Bezos, the founder of Amazon.com, in 2021, with a net worth of $185.7 billion.

Tesla lost nearly half of its market value, and Musk’s net worth has dropped by about $70 billion since he bid for Twitter in April.

Source: https:///elon-musk-loses-title-of-world-richest-man-to-bernard-arnault/

Luxury is the way....
Everybody wanna be fresh except maybe all those vanity urchins.

God I seek ye first the kingdom of God and then the other things wey dem go add make my name follow join here one day

No forever champion.

Biafranodogwu55:
Luxury is the way....

Everybody wanna be fresh except maybe all those vanity urchins.

There's luxury in simplicity.

Zonefree:

There's luxury in simplicity .

can you expatiate please ?

You guys should stop dashing all these corporate fraudsters titles of 'the most richest man'.

The world’s wealthiest people are not on Forbes list because of political reasons. Take Putin for example. He is extremely wealthy even Elon Musk himself mentioned it. The Crown Prince of Saudi Arabia is rumoured to be worth hundreds of billions.

Zonefree:
There's luxury in simplicity.

seanwilliam:
can you expatiate please ?

Simply means, living in a straightforward, plain manner of life, is a beautiful, useful and meaningful thing that gives out a nondescript, yet honest and dignified way of life and living.

Do you see Mark Zuckerberg, Warren Buffett, Elon Musk, Bill Gates, Dangote, Otedola, Elumelu et cetera wearing neck gold chains, diamond crusted ear-rings, fat rings on their fingers et cetera flaunting wealth

_{Personal text: Jesus is not a theologian. He is God who told stories.}

NNTR:


Simply means, living in a straightforward, plain manner of life, is a beautiful, useful and meaningful thing that gives out a nondescript, yet honest and dignified way of life and living.

Do you see Mark Zuckerberg, Warren Buffett, Elon Musk, Bill Gates, Dangote, Otedola, Elumelu et cetera wearing neck gold chains, diamond crusted ear-rings, fat rings on their fingers et cetera flouting wealth

_{Personal text: Jesus is not a theologian. He is God who told stories.}

Arnault is not selling fat gold chains and the other things u mentioned. And secondly, the people u mentioned patronise his products, from clothing/shoes to drinks (except those whose religion doesn't permit it).

Xiaohei:
The world’s wealthiest people are not on Forbes list because of political reasons. Take Putin for example. He is extremely wealthy even Elon Musk himself mentioned it. The Crown Prince of Saudi Arabia is rumoured to be worth hundreds of billions.

Matthew 4:8-9
'8Again, the devil took Him up on a very high mountain
and showed Him all the kingdoms of the world and the glory [splendor, magnificence, and excellence] of them;
9and he said to Him,
“All these things I will give You, if You fall down and worship me.”'

Luke 4:5-7
'5Then he led Jesus up [to a high mountain]
and displayed before Him all the kingdoms of the inhabited earth [and their magnificence] in the twinkling of an eye.
6And the devil said to Him,
“I will give You all this realm and its glory [its power, its renown];
because it has been handed over to me, and I give it to whomever I wish.
7Therefore if You worship before me, it will all be Yours.”'

The devil, has everything, yet, isnt on Forbes rich list. Perhaps because of political reasons too?

_{Personal text: Jesus is not a theologian. He is God who told stories.}

layzie:
Arnault is not selling fat gold chains and the other things u mentioned. And secondly, the people u mentioned patronise his products, from clothing/shoes to drinks (except those whose religion doesn't permit it).

Where did you read that Arnault sells fat gold chains and the other things whatnots?

Be quick to read, but slow to reply

Now explain the idea behind what the comment 'There's luxury, in simplicity' conveys

_{Personal text: Jesus is not a theologian. He is God who told stories.}

NNTR:
Where did you read that Arnault sells fat gold chains and the other things whatnots?

Be quick to read, but slow to reply

Now explain the idea behind what the comment 'There's luxury, in simplicity' conveys

_{Personal text: Jesus is not a theologian. He is God who told stories.}

Answer to ur first question can be inferred from the comments. (With an s)
As for the second question, direct it to the person that dropped the quote

seanwilliam:
can you expatiate please ?

A simple and fulfilled life is luxury itself.




#NNTR, thanks for helping out.

How this one concern us? They are not
Black
Men.

Xiaohei:
The world’s wealthiest people are not on Forbes list because of political reasons. Take Putin for example. He is extremely wealthy even Elon Musk himself mentioned it. The Crown Prince of Saudi Arabia is rumoured to be worth hundreds of billions.

It's based on net worth not GDP

He will get back up again.

Rokiatu45:
How this one concern us? They are not
Black
Men.

Keep quite, what do you know?

BeanX:
Keep quite, what do you know?

Beanmanx

BeanX:
He will get back up again.

He already regained his position back. He is still the richest man just lost it briefly during the night.

I knew this would happen... Twitter comes to mind He still has prospects to bounce back sha.

Howordson:




He already regained his position back. He is still the richest man just lost it briefly during the night.

I said it. Elon will be the richest man on Earth for a long time.

JOACHINpedro:

It's based on net worth not GDP

How did Putin and The Crown Prince of Saudi’s wealth equate to GDP?

Xiaohei:


How did people equate to GDP?

You mentioned political leaders.

NNTR:
Matthew 4:8-9
'8Again, the devil took Him up on a very high mountain
and showed Him all the kingdoms of the world and the glory [splendor, magnificence, and excellence] of them;
9and he said to Him,
“All these things I will give You, if You fall down and worship me.”'

Luke 4:5-7
'5Then he led Jesus up [to a high mountain]

and displayed before Him all the kingdoms of the inhabited earth [and their magnificence] in the twinkling of an eye.
6And the devil said to Him,
“I will give You all this realm and its glory [its power, its renown];
because it has been handed over to me, and I give it to whomever I wish.
7Therefore if You worship before me, it will all be Yours.”'

The devil, has everything, yet, isnt on Forbes rich list. Perhaps because of political reasons too?

_{Personal text: Jesus is not a theologian. He is God who told stories.}

Oh, my days! Wetin concern wetin you write with the topic wey dey ground? How?

JOACHINpedro:

You mentioned political leaders.

I “political reasons”. Guy, make u comprehend write up before u rush dey comment.

Xiaohei:


I “political reasons”. Guy, make u comprehend write up before u rush dey comment.

You edited comment still dey tell me to comprehend.
Pls no need for the tantrum. Forbes don't consider politicians or Royalties

JOACHINpedro:

You edited comment still dey tell me to comprehend.
Pls no need for the tantrum. Forbes don't consider politicians or Royalties

Na your eyes dey worry you. Abeg remove. Let it go!

Life is turn by turn...

Karlifate:
No forever champion.

Except from Me, I'm the forever champion