Elon Musk he was relegated to second place in the race for being the richest man in the world, but it was for a brief period of time on December 7, 2022.
Musk, who took the title of richest man in the world from Jeff Bezos, the man at the helm of Blue Origin, in September 2021, he lost the job to French billionaire Bernard Arnault, albeit only for a couple of hours according to Forbeswhich updates the list in real time.
As he recalls a report published on the website of Slash GearArnault, 73, is co-founder, president and CEO of LVMHthe luxury goods company behind brands like Louis Vuitton, Christian Dior and Givenchy.
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Musk and Arnault claimed a net worth of around $184.9 billion and $184.7 billion, respectively. By comparison, fellow Amazon boss Bezos has lagged behind and is fourth on the list of billionaires with a net worth of $111.7 billion.
Jeff Bezos has also been surpassed by little-known Indian billionaire Gautam Adani, now the third-richest person on the planet with a net worth of $134.8 billion.
Forbes explained that since there is a difference of less than $1 billion between Arnault and Musk, there is a good chance that many such changes will occur in the coming weeks.
Interestingly, even though Musk has lost more than $100 billion in net worth in the past year due to Tesla stock, he’s still holding on to the top spot.
The last two years have been a roller coaster for the CEO of SpaceX and Twitter, who has seen his fortune grow to the figure mentioned by Forbes and who also added the social media giant to his assets. Barring a dramatic drop in the shares of his companies, he is likely to stay in first place for years to come.