Elon Musk, the billionaire owner of Tesla and Twitter, has temporarily lost the ranking of the richest man in the world. The post was occupied by Bernard Arnaut, CEO of LVMH to the company that manages Louis Vuitton.
The loss of Elon’s fortune was quite fast until 3:30 pm on Wednesday, 12/07 Elon Musk had a fortune of around US$ 185.6 billion. In just one day, it lost US$ 3.5 billion, according to data from Forbes.
The reason for the loss of Musk’s equity was due to the devaluation of Tesla’s shares. According to data from 2022, electric cars are devalued by 56% so far.
In addition to various emotions, even legal fights involving his business, and also the purchase of Twitter.
Elon Musk has been in 1th place of billionaires since 2021 when he surpassed Jeff Bezos founder of Amazon.
However, according to Bloomberg data, even after Musk’s fortunes fell, he still occupies the place of the richest man in the world. According to Bloomberg, the net worth is US$ 179 million, and Arnault’s is US$ 165 billion.
