Elon Musk is no longer the world’s richest man. As he Loses title to Bernard Arnault, Renowned LVMH CEO.
Bernard Arnault, the chief executive of luxury brand Louis Vuitton’s parent company LVMH, and his family took the ‘world richest’ title with a personal wealth of $185.4 billion, according to Forbes.
RELATED: Who is the Richest South African Rapper?
Musk, who has held the top spot on the Forbes list for world’s richest since September 2021, now has a net worth of $185.3 billion.
Tesla’s shares fell about 4 percent in morning trading on Wednesday, Dec. 7 which led to Musk seeing his title gone to Bernard Arnault.