Musk who has retaken his title of the world's richest person briefly lost it to Bernard Arnault, the chief executive of luxury brand Louis Vuitton's parent company LVMH, and his family.
Twitter owner and Tesla CEO Elon Musk briefly lost his title as the world's richest person on Wednesday, according to Forbes
Musk who has retaken his title of the world's richest person briefly lost it to Bernard Arnault, the chief executive of luxury brand Louis Vuitton's parent company LVMH, and his family.
This followed his expensive takeover of social media firm Twitter and selling stocks of his electric-car company to fund the $44 billion deal.
Arnault replace Musk at the top spot with a personal wealth of $185.4 billion, according to Forbes for some time but got back to the second spot again.
Musk, who has held the top spot on the Forbes list since September 2021, has a net worth of $185.7 billion. Musk took over the title from Amazon.com founder Jeff Bezos.
Musk's net worth dropped below $200 billion earlier on November 8 as investors dumped Tesla's shares on worries the top executive and largest shareholder of the world's most valuable electric-vehicle maker is more preoccupied with Twitter.