Elon Musk drops to second richest person

Elon Musk drops to second richest person in the World

Image Credit Wikimedia Commons Image Credit Wikimedia Commons

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.

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