executive director tesla, Elon MuskHe is no longer the richest man in the world as he has lost his position behind the president and CEO of luxury. LVMHFrench Bernard Arnault and his familyby forbes.
Tesla stock price drop It took Arnault up a notch – which closed this Monday with a 6.27% drop.
Share value of the electric vehicle company has fallen by more than half this yearpartly due to a liquidation accelerated by the acquisition twitter $44,000 million by Musk.
arnault family Louis Vuitton, Sephora, and US jewelry Tiffany & Co. He runs the LVMH empire of nearly 70 fashion and cosmetics brands, including and have $186.2 billion wealthAccording to Forbes.
on his behalf Musk’s fortune is 181.3 billionaccording to private media.
Musk became the richest man in the world last September 2021. to the founder Amazon, Jeff Bezos.
Musk’s fortune, which is mostly tied to Tesla shares, was bolstered by the automaker’s meteoric rise in stock price, which has skyrocketed more than 1,000% in two years. Currently, according to FactSet data, Musk 14.11% of Tesl sharesa, market cap of $530,000 million.
Owner of Musk More than 40% of SpaceX sharesHe adds billions to his net worth.
It is not the first time that Musk has fallen into this list momentarily.He briefly lost his title as the richest person in the Arnaults last week.