Elon Musk is now not the richest particular person on the planet, after the share worth of Tesla, one of many corporations he heads, fell on Monday. The richest new particular person is Bernard Arnault, CEO of luxurious style conglomerate LVMH, which owns Louis Vuitton, Dior, Tiffany, Moët, and many others.
Based on Bloomberg Billionaires Index, Musk's internet price dropped by just below $168.5 billion, falling under Arnault's $172.9 billion. Most of Musk's wealth comes from his Tesla inventory, which has fallen about 50% prior to now 12 months. It was as soon as price as much as $340 billion.
Musk's worth additionally took a success his buy of Twitter in November for $44 billion. To be able to fund the deal, he offered about $15 billion of his Tesla inventory.
It continues a really dangerous week for Musk, who was booed to a Dave Chappelle present in San Francisco on Sunday night time. Musk stated the viewers was applauding at first, then blamed the “awake” attendees and a combat within the crowd. Chappelle launched him saying, “Make some noise for the richest man on the planet!” That might show to be an correct descriptor for one more 6 or so hours.