Elon Musk loses his postion as the ‘World’s Richest Man’ to Bernard Arnault.

Elon Musk loses his postion as the ‘World’s Richest Man’ to Bernard Arnault.

American Billionaire Elon Musk is no longer the richest person in the world after selling Tesla stock to pay for the $44 billion purchase of Twitter.

On Oct. 28, Tesla CEO Elon Musk completed the deal to acquire Twitter at his original offer price of $54.20 a share at a total cost of roughly $44 billion.

 

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According to Forbes, Bernard Arnault and his family, who control the parent company of luxury brand Louis Vuitton, LVMH, and have a combined personal worth of $185.4 billion, have been named the world’s wealthiest people.

Elon Musk, who has held the top spot on the Forbes list of the world’s richest since September 2021, now has a net worth of $185.3 billion.

On Wednesday, Dec. 7, early trading saw a drop of about 4% in Tesla’s stock.

A while back, Elon Musk got himself trending on popular micro-blogging platform, Twitter, after he tweeted that he wants to buy English football club, Manchester United.

Musk, who is worth around 265.7 billion USD was in the midst of a political ideology discussion, when he suddenly posted that he is buying the club who are currently bottom of the Premier League.

He wrote, “Also, I’m buying Manchester United ur welcome”.

His tweet quickly garnered attention from fans who really wanted it to happen but they were later left disappointed when he added that he was only joking.

A Twitter user asked him – Are you serious?

He replied – No, this is a long-running joke on Twitter. I’m not buying any sports teams.