With a sharp decline in the value of his investment in Tesla and a $44 billion wager on Twitter, Twitter CEO Elon Musk has lost his position as the richest person in the world.
Elon Musk’s estimated net worth, according to Forbes’ list of “The Real-Time Billionaires List” released on Tuesday, is $180 billion, down $39 billion from the previous year.
This is because of his $44 billion purchase of Twitter, which was funded with Tesla stock, which caused Musk to drop to second place on the list of the world’s billionaires and give Bernard Arnault the top spot.
Musk was eclipsed by the French luxury goods tycoon Bernard Arnault to become the richest person in the world.
According to Forbes’ calculations, the 74-year-old engineer tops the 2023 billionaires list with a $211 billion fortune, surpassing Elon Musk, who was placed first in 2022 and is now in second place, by $31 billion.
A French luxury goods magnate, Bernard Arnault, surpassed Musk, to take the title of the world’s richest billionaire.
According to Forbes’ calculations, the 74-year-old engineer tops the 2023 billionaires list with a $211 billion fortune, surpassing Elon Musk, who was placed first in 2022 and is now in second place, by $31 billion.
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