Elon Musk drops to second richest person in the World

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Elon Musk the CEO of Space X, Tesla, Twitter is no longer the richest person of the World.

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Elon Musk become the world richest person in September 2021 after crossing Amazon founder Jeff Bezos,

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Elon Musk - Tesla saw a sharp fall in its share price from beginning of the year of about 50 % from its High.

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The drop in his wealth is mainly due to offloading  19.5 million shares of Tesla to fund the buying of Twitter.

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Twitter shares has also dropped  a bit to shrink his wealth.

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His total wealth stood at $178.6 billion as of Dec 2022

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With the shares of Tesla falling, Elon Musk  wealth shrinked to $178.6 billion , pushing him behind Arnault .

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Arnault wealth accounted $186.2 , due to the surge in shares of LVMH.

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Arnault the French businessmen and cofounder of the world's largest luxury company LVMH (LVMHF) is the richest man in the world on Dec 12, 2022 closing.

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