Elon Musk lost the status of the richest man on the planet for one hour, – media
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In the Forbes magazine ranking of the American businessman, Bernard Arnault, the owner of the Louis Vuitton luxury goods brand, bypassed. This came after Musk spent $44 billion to buy Twitter.
American billionaire Elon Musk on December 7 for some time lost the status of the richest man in the world. According to Forbes magazine, Musk lost the title of the world's richest man after a sharp drop in Tesla shares by 47% and participation in a financial deal to buy the social network Twitter for $44 billion. This is reported by Reuters.
The publication notes that Tesla has lost almost half of its market value, and Musk's net worth has declined by about $70 billion since he bid to buy Twitter in April.
The result is a global leadership in The race for the wealthiest people on the planet was briefly captured by the head of the parent company LVMH, Bernard Arnault, who owns the Louis Vuitton luxury goods brand. According to the information provided, Musk's net worth after buying the Twitter platform for $44 billion was now estimated at $185.3 billion, while Arno and his family had assets in the range of $185.4 billion.
It is reported that within an hour (from 13:30 to 14:30 Kyiv time) Musk's fortune fluctuated from 185.1 to 185.8 billion dollars, while at the same time Arno's fortune was in the range from 185.3 to $185.7 billion.
Nevertheless, the situation has changed again in favor of Musk and now the owner of SpaceX and Twitter is again in the lead in the constantly updated Forbes rating – his fortune is estimated at 184.7 billion dollars. At the same time, his closest rival, Bernard Arnault, who now occupies the second line of the rating, lags behind Musk by only some $ 300 million. Third place is confidently occupied by Indian businessman Gautam Adani, with a fortune of 134.8 billion dollars, while Amazon owner and former leader of the rating Jeff Bezos, with his 112 billion, dropped to fourth place.
To first place in the list of the richest Elon Musk hit people in September 2021. He was led by the growth in the value of Tesla shares, thanks to which at that time his fortune was estimated at $ 200 billion.