Research has shown that, the richest billonaire in Forbes,Tesla CEO, Elon Musk has been dropped recently as second on the list of the world’s billionaires as Bernard Arnault takes the top spot.
Recalling that Musk, 51, bought Twitter for $44billion, last year earning the top spot on the Forbes World Billionaires list, which reveals he had gained a net worth of $216bn.
But records is recently presenting him as in the second place behind Bernard Arnault, 74, the chairman of French luxury goods giant LVMZ, which owns brands such as Louis Vuitton, Christian Dior and Tiffany & Co.
CNN has it reported that Arnault was able to overthrow Musk in the annual list after his net worth grew more than $50bn to $211bn, as Musk’s net worth slumped to $180bn, $39bn less than it was last year, thanks to the purchase of Twitter which was funded by Tesla shares.
While Forbes said: “Musk has mostly tweeted himself out of the top spot on the ranks.”
However, Musk’s SpaceX valuation increased from $13bn to $140bn in just the past year and that is not enough to compete with Arnault with a “banner year” in 2022 having a high record.
Frenchman Arnault first appeared on Forbes’ billionaires’ list in 1997, when he was worth just $3.6bn, with his wealth subsequently growing due to the 70 luxury brands he owns.