Elon Musk took back the "title" of the richest man in the world,[/B] after losing it for only a few minutes due to a sharp drop in the stock of electric car company Tesla, according to Forbes magazine.
Bernard Arnaud,[/B] the chairman of luxury goods company LVMH briefly held the title but dropped back to second place on the list, with a personal fortune of $185.3 billion.
Musk had topped the list since September 2021 after displacing Amazon.com founder Jeff Bezos. His personal fortune is estimated at $185.7 billion.
Tesla stock, which has lost more than 47% of its value since Musk moved to acquire Twitter, is down 2.7% today. Musk's fortune has fallen by around $70 billion since he proposed to buy Twitter last April.
Contents of this article including associated images are owned by Cyprus Times
Views & opinions expressed are those of the author and/or Cyprus Times
Source
