Tesla boss and Twitter owner, Elon Reeve Musk, on Wednesday 07 December 2022 lost the world’s richest title to Bernard Arnault, after a steep drop in the value of his stake in Teslai and a $44 billion bet on Twitter.

Tesla’s shares fell approx 4% in early trading Wednesday 7 December 2022. This is coming months after Musk sold Tesla stocks to fund the $44 billion purchase of Twitter.

According to Forbes, Bernard Arnault, 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, founder of Amazon.com, in 2021, with a net worth of $185.7 billion.

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


SOURCE:
https://naijaphilia.com/blog/2022/12/08/global-lens-elon-musk-loses-world-richest-title-to-bernard-arnault/

NaijaphiliaBlog:
Tesla boss and Twitter owner, Elon Reeve Musk, on Wednesday 07 December 2022 lost the world’s richest title to Bernard Arnault, after a steep drop in the value of his stake in Teslai and a $44 billion bet on Twitter...

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You don't mean it??!!!

Omoh... Just vote for Obi

Sammy4Joy:


You don't mean it??!!!

It was actually anticipated.

Elon will take back his space

Icarus99:
Elon will take back his space

Very likely...Musk owns businesses that have great potential for growth.

He is likely to regain his No 1 position before long.

It won't be long before he regain his first position!

Elon Musk is like those East African Marathon Runners.

He'll soon bounce back with Twitter

Efuaye:
It won't be long before he regain his first position!

Elon Musk is like those East African Marathon Runners.

He'll soon bounce back with Twitter

Marathon runner...very apt metaphor for Elon Musk!