Elon Musk is no longer the world’s richest person.

Elon Musk is no longer the world’s richest person.

Tesla CEO and owner of Twitter Elon Musk has been dethroned from being the richest person in the world. The Twitter owner has been dethroned as the No.1 on the rich list by Louis Vuitton boss Bernard Arnault. According to the lists by Forbes and Bloomberg, the Tesla CEO is now placed second after holding the numero uno position since September 2021.

According to the Bloomberg Billionaires List, Musk’s total net worth stands at $164 billion ( ₹13.55 lakh crore) as compared to Arnault’s wealth of $171 billion ( ₹14.12 lakh crore). India’s richest tycoon Gautam Adani is placed third at $125 billion ( ₹10.32 lakh crore).

Elon musk recently invested heavily in Twitter by paying $44 billion. The microblogging giant, Twitter has undergone a complete overhaul under him, introducing new features including a paid Twitter Blue subscription service.

“Users will start to leave the platform next year as they grow frustrated with technical issues and the proliferation of hateful or other unsavory content,” said Jasmine Enberg, principal analyst at Insider Intelligence

 

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