The founder of Tesla and SpaceX, Elon Musk, has lost the title of the richest man in the world, adyrna.kz reports with reference to the Daily Mail.
According to Forbes and Bloomberg, Musk lost the lead to Louis Vuitton Moet Hennessy (LVMH) President Bernard Arnault and his family.
In the Forbes Real Time Billionaires ranking, which tracks the fortunes of billionaires in real time, Musk is worth $176.8 billion, Arno is worth $188.6 billion.
According to the Bloomberg Billionaires Index, Musk is now worth about $164 billion. Meanwhile, Arno's fortune is estimated at $171 billion.
The LVMH group, founded in 1987, includes more than 75 prestigious fashion houses specializing in the production of luxury products, these are Christian Dior, Louis Vuitton, Givenchy, Guerlain, Moët & Chandon, Hennessy, Chaumet and others. In 2021, LVMH was recognized as the most valuable company in Europe.
Elon Musk is reportedly no longer the world's richest man after a sharp drop in the value of his shares in electric car company Tesla, which cost him more than $100 billion this year.
