Tesla boss, Elon Musk, has lost his title as the world’s richest person to Bernard Arnault, after selling Tesla stocks to fund the $44 billion purchase of Twitter.
According to Forbes, 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.
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.
It was reported that Tesla’s shares fell about 4% in morning trading on Wednesday, Dec. 7.