Elon Musk is now seen as the second richest man in the world, at the same time losing the throne of the richest man in the world held since 2021. This decline is due to the drop in Tesla's stock price. Tesla shares have seen a slight decline since Elon Musk announced his desire to take over Twitter earlier.
Now occupying the top ranking as the world's richest man for now is the CEO of LVMH, Bernard Arnault who is famous for brands like Louis Vuitton. This change of thrones may be temporary, and it's possible that Elon Musk will return to embrace it once Tesla's stock climbs higher soon.
Data on the change of the world's richest people is based on Forbes, while data from Bloomberg shows a wealth difference of about $1 billion between these two individuals.
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