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Is Elon Musk the richest man? Know here

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Elon Musk, the CEO of Tesla and Twitter boss, is no longer the richest man in the world

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Mr. Musk lost the title to LVMH chairman and CEO Bernard Arnault on Monday, December 13

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Tesla shares closed 6.3% lower and have lost more than 50% value since the start of 2022

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Meanwhile, Mr. Musk's net worth declined by about four per cent to US$ 181.3 billion

According to Forbes, Bernard Arnault's net worth now stands at US$ 186.2 billion

Mr. Arnault amassed wealth by creating the largest luxury conglomerates like Louis Vuitton

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Notably, Elon Musk continues to be the richest person as per Bloomberg Billionaires Index

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