This Mogul Just Dethroned Elon Musk as the World’s Richest Person

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After holding connected to the rubric for a small much than a year, Elon Musk is nary longer the richest idiosyncratic successful the world. Find retired who took the apical spot of billionaire rankings below.

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Elon Musk is taking a backseat to the newly-crowned wealthiest idiosyncratic successful the world: Bernard Arnault.

Bernard, who serves arsenic the main enforcement of LVMH Moët Hennessy–Louis Vuitton SE (the world's largest luxury goods company), has present been placed successful the apical spot, with his wealthiness present estimated astatine $170.6 billion, according to the Bloomberg Billionaire Index.
 
As for Elon, The Wall Street Journal, citing Bloomberg's findings, noted that a "prolonged slump successful Tesla's banal has wiped retired much than $100 billion" of the CEO's nett worthy this year, which is presently valued astatine $163.1 billion.

The shingle up successful the database of billionaire rankings, published by the company connected Dec. 13, comes a small much than a twelvemonth aft Elon picked up the hefty rubric precocious past year.

In September 2021, the Space X laminitis surpassed erstwhile Amazon CEO Jeff Bezos arsenic the richest antheral successful the satellite (a rubric Jeff earned that July), aft helium became the 3rd idiosyncratic ever to person a luck worthy $200 billion, Forbes noted astatine the time.

Shortly aft his achievement, Elon told the publication that helium was celebrating by "sending a elephantine statue of the digit ‘2' to Jeffrey B., on with a metallic medal." (And if you're wondering, the caller Bloomberg Index has Jeff presently listed arsenic the fifth-richest idiosyncratic successful the world).

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The caller fiscal findings besides comes a small little than 2 months aft Elon officially purchased Twitter for $44 billion successful October. 
 
Earlier this year, helium announced his intent to bargain the societal media platform, stating that the "company volition neither thrive nor service this societal imperative successful its existent form," adding that the app "needs to beryllium transformed arsenic a backstage company," though helium initially attempted to backmost retired of the woody successful July.

After the institution pursued ineligible action, Elon reversed people and 3 months later, his takeover became permanent.

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