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HomeBusinessEntrepreneurshipElon Musk Is About to Lose His Spot as World's Wealthiest Man

Elon Musk Is About to Lose His Spot as World’s Wealthiest Man

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It’s not like he’ll have bother paying his cable invoice, however Elon Musk is at risk of shedding his rank because the primary wealthiest man on the earth — on one listing, anyway.

Carina Johansen | Getty Images

CNN reported Wednesday afternoon that Musk slipped behind Louis Vuitton (LVMH) CEO Bernard Arnault on the Forbes Billionaire list. However, the Twitter proprietor’s slip within the rankings did not final lengthy; Musk’s wealth quickly ticked again as much as $184.9 billion, in comparison with Arnault’s $184.7 billion.

Arnault has maintained a spot close to the highest of the listing because of his firm’s inventory remaining comparatively secure all through 2022. Quite a lot of Musk’s fortune is in Tesla shares, which have plummeted by greater than 55%. Forbes speculated that this was partly due to Musk’s controversial Twitter acquisition.

Musk purchased Twitter for $44 billion, utilizing a complete of almost $20 billion in earnings from Tesla shares offered at completely different instances all year long. As CNN notes, nevertheless, it is not all that straightforward to determine simply how a lot cash Elon Musk has within the financial institution:

Estimating Musk’s wealth, basically, is a tough job, nevertheless, as a lot of his cash is tied up in his personal firms, together with rocket and web agency SpaceX, tunneling outfit The Boring Company, and Neuralink, which needs to place pc chips in folks’s brains.

The Forbes listing is one factor — as CNN notes, Musk simply tops the Bloomberg Billionaires Index, which lists his value as $179 billion, with Arnault holding down a distant second place at $165 billion.



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