This December 7th, Elon Musk He lost his place as the richest person in the world, being surpassed by the French billionaire bernard arnault. On Wednesday morning, the principal owner and CEO of the luxury brand conglomerate LVMH recorded a fortune of 185.100 million dollarswhile the South African tycoon fell to the second rung with ‘solo’ 184.7 billion dollarsaccording to the real-time billionaires list of Forbes.
That same afternoon, at the close of the markets, the CEO of Tesla had regained the throne, but the difference was so minimal that anything could happen.
“The fortunes of the two men are almost equal, separated by only 200 million, so it will not be surprising that they continue to oscillate in the Forbes ranking of the world’s richest,” the publication’s analysts noted.
They also explained that Arnault’s promotion is due to the fact that LVMH shares have been very stable this year. In contrast, Musk has experienced a “dramatic collapse in Tesla’s stock price,” which is down 56% in 2022.
The next day, the French tycoon was once again the richest person in the world.
This Thursday, December 8, the owner of brands such as Louis Vuitton, Dior, Givenchy and Moet it again topped the Forbes real-time list and stayed there practically all day.
However, the Billionaires Index of Bloomberg kept Elon Musk in first place during the day.
It should be explained that Forbes updates its information every 5 minutes, as detailed in its methodology. For its part, Bloomberg changes the figures only after the stock markets close, at 4:00 p.m. New York time.
Therefore, it is normal that there are discrepancies between the two and that right now it is not possible to know for sure who has more money in the account.
Elon Musk, Bernard Arnault and Jeff Bezos, a battle worthy of Game of Thrones
almost as if it were a deja vuIt is not the first time that these three characters have disputed the throne. Jeff Bezosthe founder of Amazon, was the richest man in the world from 2017 until a powerful competitor arrived.
In January 2021, Elon Musk he took the crown from Bezos for a moment. Thus began a game of swings in which both tycoons seemed to alternate to be in the first place one day and another.
Two months later, bernard arnault gave indications that he would enter the race. In March of that year, French became the second richest and dropped Musk to third place, but returned to his spot a few days later.
By May 2021, while everyone was keeping an eye on the Bezos/Musk rivalry, Arnault passed them both. He was crowned the top billionaire for the first time and became the first French tycoon to hold that position. His wealth was calculated at $186.3 billionan increase of almost 150% compared to the $76 billion which I had in March 2020.
Between the end of October and the beginning of November, Elon Musk’s fortune exceeded 300,000 million dollars, making him the richest man in history. That same month he consolidated his superiority on the list, accumulating up to 330,000 million dollars at its highest point. Far behind was Bezos, who had about 100,000 million less than the South African at that time.
Will Arnault unseat Elon Musk soon and permanently?
In April 2022, Elon was officially named ‘the richest person in the world’ in the annual list of billionaires of Forbes. His net worth had already dwindled enough and was calculated at ‘only’ 219,000 million dollars. Bezos followed with $171 billion, Arnault with $158 billion, Bill Gates (129,000 million dollars) and Warren Buffett ($118 billion).
Although it was speculated that Musk would be the first trillionaire in history by 2024, it seems that the projection is not going well. His net worth has shrunk dramatically from its all-time high, largely because of the controversial purchase of Twitter.
To be more precise, the 51-year-old tycoon has lost 48% of his wealth since that maximum peak and the trend is not looking good. Tesla shares plunged again at the end of last November and the businessman lost 8.6 billion dollars in one day.
Most likely, the contest for the title of ‘richest person in the world’ will remain between Musk and Arnault for the next few months. But if the founder of SpaceX If you keep losing money at this rate, the competition won’t last more than a few weeks.
Both far outnumber the Indian billionaire Gautam Adaniwhich occupies the third place with a fortune of 135,000 million dollarsas well as Bezoswhich is in the fourth place with some 114,000 million according to Bloomberg.
Mairem Del Rio Addicted to watching series and movies, doing (a little) exercise and changing my hair color. I am also a journalist, with more than 16 years of experience and dedicated 100% to digital media since 2011. I have been from a reporter and community manager, to an editor in various media and agencies. My areas of expertise are as diverse as they are contrasting: entertainment, travel, lifestyle, health, business, and finance. Now I am focused on the entrepreneurial ecosystem, cryptocurrencies, NFTs, metaverses and the promising cannabis industry in Mexico.