Elon Musk Lost the Title of "World Richest Man" Within 48 Hours

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Newstoday: Second time around, Tesla co-founder Elon Musk, owner of SpaceX and Tesla, has lost his position as the world's richest person. Elon Musk will have eclipsed Bernard Arnault of France as the world's richest person by the end of February 2023. Yet, within 48 hours, he had dropped from one to second place on the list of the world's richest persons, while Bernard Arnault had risen to the first position.

Elon Musk's fortune decreased by $7.71 billion in two days, propelling him to second place on the list of richest individuals with $176 billion. On the other hand, Bernard Arnault has once again become the world's richest person, with 187 billion dollars. Recall that in December 2022, Bernard Arnault surpassed Elon Musk. Tesla's share price decreased by more than 65% in 2022 for a variety of causes, including a historic drop in Elon Musk's wealth. Yet, Tesla's share price has climbed by 100% since the beginning of 2023, and Elon Musk's assets have increased by almost 40 billion dollars in two months, reaching 137 billion dollars on December 31, 2022. In contrast, Bernard Arnault's holdings have consistently expanded in recent months, reaching $137 billion in October 2022.

Sabahat Abid


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