Tesla CEO Elon Musk has been one of the world’s wealthiest people for some time, but according to Forbes and Bloomberg, he has recently lost the title of world’s richest man to France’s Bernard Arnault, the chief executive of the luxury group LVMH.
Musk, who was born in South Africa, is the CEO of Tesla and its largest shareholder. He has seen a surge in his wealth in recent years due to the success of Tesla, the electric car manufacturer. Tesla’s stock has more than quadrupled in 2020, and Musk’s net worth has grown to an estimated $70.5 billion.
However, Arnault’s wealth has grown even faster, due to the success of LVMH, which owns brands such as Louis Vuitton, Christian Dior, and Sephora. His net worth is estimated to be $72.4 billion, according to Forbes.
Musk has also recently taken ownership of Twitter, which has seen its stock surge due to the increased popularity of the platform. He is now the second-richest person in the world, and it is likely that he will remain in that position for some time.
It is possible that Musk could regain the title of world’s richest man in the future, as his wealth is closely tied to the success of Tesla. If Tesla’s stock continues to rise, then Musk’s wealth could surpass Arnault’s.
In conclusion, while Elon Musk has recently lost the title of world’s richest man to Bernard Arnault, he is still the second-richest person in the world. Musk’s wealth is closely tied to the success of Tesla, so if Tesla’s stock continues to rise, then he could regain the title of world’s richest man in the future.