Elon Musk is no longer the world’s richest businessman. French billionaire and CEO of Louis Vuitton Moet Hennessy, Bernard Arnault has overtaken him and reached the first position.
The reason for the decline in Musk’s net worth is the continuous decline in Tesla shares and the rise in LVMH shares. Musk has slipped to second place in both the Bloomberg Billionaires Index and Forbes.
According to Forbes, Arnault’s net worth is now $ 207 billion (about Rs 17.20 lakh crore), while Elon Musk’s net worth is $ 204 billion (about Rs 16.96 lakh crore). Whereas Jeff Bezos is at number three in this list. His net worth is around Rs 15.04 lakh crore.
Mukesh Ambani is in 11th place with assets of $ 104 billion (about Rs 8.64 lakh crore). Whereas Gautam Adani is at number 16 in this list. His net worth is 75 billion dollars (6.23 lakh crore rupees).
