Elon Musk, owner of Twitter and CEO of Tesla Inc., dropped from the top spot on Wednesday, according to Forbes, as a result of his risky gamble to acquire the social media company and selling shares of his electric car company to raise the $44 billion price.
According to Forbes, Bernard Arnault, the head of LVMH, the parent company of luxury brand Louis Vuitton, and his family won the title with a combined personal wealth of $185.4 billion
With a net worth of $185.3 billion, Musk has been ranked first among the world’s richest people on the Forbes list since September 2021.
More Stories
Former Fijian Prime Minister Bainimarama was sentenced to one year in jail
Sri Lanka agrees to acquire power from Adani Green
Benjamin Netanyahu declares a ban on Al Jazeera in Israel