Elon Musk, CEO of Tesla, SpaceX, Twitter, and Starlink is in trouble. And it seems that he will cease to be the richest man in the world, a title that will pass to billionaire Bernard Arnault.
According to Bloomberg, Elon Musk has seen his wealth drop by more than $100 billion since January, to $168.5 billion.
In part, this is due to the Twitter scandals that severely affected the Tesla stock market, which was caused by the withdrawal of investors who questioned the stability of entrepreneur Elon Musk.
Bernard Arnault, the richest person in the world, is completely drama-free compared to Musk. The 73-year-old owner of LVHM (Louis Vuitton), this entrepreneur has a net worth of $172.9 billion.
Bernard Arnault's labels cater to the affluent, from Christian Dior and Fendi to jewelers Bulgari and Tiffany & Co., to the champagne house of Moet & Chandon.
On the other hand, bankers are considering giving Elon Musk new margin loans backed by Tesla shares to replace some of the high-interest debt that Twitter has accumulated. As reported by Bloomberg News.