Elon Musk is no longer the richest person in the world, after the share price of Tesla, one of the companies he runs, plunged on Monday. The richest new person is Bernard Arnault, CEO of luxury fashion conglomerate LVMH, owner of Louis Vuitton, Dior, Tiffany, Moët and more.
According to the Bloomberg Billionaires Index, Musk’s net worth fell to just under $168.5 billion, below Arnault’s $172.9 billion. Most of Musk’s wealth comes from his Tesla shares, which have fallen about 50% in the past year. It was once worth as much as $340 billion.
Musk’s value also took a hit. your november purchase of twitter for $44 billion. To finance the deal, he sold about $15 billion of his Tesla stock.
This continues a very bad week for Musk, who was booed on a Dave Chappelle show in San Francisco on Sunday night. Musk first said the audience was actually cheering, then blamed attendees for “wake-up” and a brawl in the crowd. Chappelle introduced him by saying, “Make some noise for the richest man in the world!” That would prove to be an accurate description for another 18 hours or so.
