World richest man

Elon Musk on Wednesday briefly lost his position as the richest person in the world to Chief Executive Officer of LVMH, Bernard Arnault, whose family owns ...

On September 27, 2021, Musk overtook Amazon’s Jeff Bezos to become the world’s richest person for the first time. According to Forbes, at 3:30 pm ET on Wednesday Arnault overtook Musk to become the world’s richest person with an estimated $184.7 billion but when US markets closed at 4pm ET Musk was back on top with $185.4 billion Elon Musk on Wednesday briefly lost his position as the richest person in the world to Chief Executive Officer of LVMH, Bernard Arnault, whose family owns luxury brand Louis Vuitton.

On Thursday, Musk dropped to the second spot on Forbes' list of “Real-Time Billionaires,” putting the Twitter and Tesla CEO behind Bernard Arnault, CEO of ...

On Bloomberg’s Billionaires Index, Musk is solidly in first place with a net worth of $171 billion. Arnault sits in second with a $166 billion net worth. Musk had sold blocks of Tesla shares worth a total of $15.4 billion earlier this year when his deal to buy Twitter was announced. [Forbes’ list of “Real-Time Billionaires,”](https://www.forbes.com/real-time-billionaires/#22b1dd5c3d78) putting the Twitter and Tesla CEO behind Bernard Arnault, CEO of French luxury brand LVMH, maker of Louis Vuitton luxury goods and Hennessy cognac. Musk’s [ strategy ](https://www.cnn.com/videos/business/2022/11/16/wedbush-elon-musk-affects-tesla-stock-markets-now-ht.cnn-business)of cavorting with right-wing influencers on Twitter may also be impacting Tesla shares as well. [about $4 billion](https://www.cnn.com/2022/11/08/business/elon-musk-tesla-stock-sale-twitter-purchase/index.html) of Tesla stock to fund his [$44 billion purchase of Twitter,](https://www.cnn.com/2022/11/08/business/elon-musk-tesla-stock-sale-twitter-purchase/index.html) which is embroiled with issues including layoffs and skittish advertisers wary of the platform’s direction.

Tesla, SpaceEx and Twitter boss Elon Musk briefly lost the top spot as the world's richest man to Bernard Arnault, Chairman, Co-founder and Chief Executive of ...

Born among the French elite in 1949, Arnault began his career as an engineer working for his father’s construction company. He went on to acquire and merge several companies Elon Musk has a net worth of $185.7 bn.

That sent Tesla stock down, enough to drop Musk below Bernard Arnault of French luxury conglomerate LVMH on Forbes' ranking of the world's wealthiest people for ...

With tech stocks having crashed since Mid-April, the company is likely now worth far less than the $44 billion Musk agreed to pay. But Musk may have renewed interest in a margin loan if the estimated $1 billion of annual interest expense on the $13 billion of debt used to finance the acquisition proves too much for an already struggling Twitter to cover. Musk’s initial financing for the takeover included a $6.3 billion personal margin loan, in addition to the $13 billion of debt he ultimately saddled Twitter with, keeping it off his own personal balance sheet. He has already sold $19.3 billion (pre-tax) worth of the company’s stock from mid-April to early November, presumably to help finance the acquisition. Arnault was worth an estimated $185.1 billion as of 9:30 a.m ET Thursday, with Musk trailing him by $1 billion, worth an estimated $184.1 billion. That sent Tesla stock down, enough to drop Musk below Bernard Arnault of French luxury conglomerate LVMH on Forbes’ ranking of the world’s wealthiest people for the third time in two days.