Elon Musk is no longer the richest person in the world, displaced by Bernard Arnault

Written 14 Dec 2022 at 11:07 a.m

NEW YORK/PARIS (Agefi-Dow Jones)–Elon Musk is no longer the richest person in the world.

The CEO of the electric car manufacturer Tesla and the new owner of Twitter on Tuesday handed the unofficial title of the world’s richest person to Bernard Arnault, the chairman and CEO of the luxury group LVMH, according to the Billionaires Index of Bloomberg (“Bloomberg Billionaires Index”) “), which establishes a ranking of the richest people in the world The prolonged slide in Tesla stock has reduced Elon Musk’s fortune by more than $100 billion this year.

The fortune of the Tesla boss, who claimed to be the richest person in January 2021, was valued at $164 billion on Tuesday, according to the index. He is now on the heels of Bernard Arnault, whose personal fortune is estimated at $171 billion.

Tesla did not respond to a request for comment, and a spokesman for LVMH declined to comment.

-Joseph De Avila and Nick Kostov, The Wall Street Journal (French version Maylis Jouaret) ed: LBO

Agefi-Dow Jones The financial newswire

Dow Jones Newswires

December 14, 2022 05:07 ET (10:07 GMT)

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