That’s right, Elon Musk is no longer the richest man in the world.
Elon Musk’s decision to buy Twitter for $44 billion implied that he would no longer be considered the wealthiest person in the world. Before he bought Twitter, his net worth topped $229.4 billion and he was far ahead of his closest competitor in the list that was provided by Forbes.
After the Twitter deal, many events placed Elon Musk in the second spot on the list. Not that he cares too much about it. What Elon Musk cares about is making all his companies thrive and becoming the richest person in the world was only the consequence of that drive and passion.
Who replaced Elon Musk As the World’s wealthiest person?
The man who took over Elon Musk’s spot as the richest man, according to Forbes, is Bernard Arnault. He is the CEO of Louis Vuitton’s parent company, Louis Vuitton Moet Hennesy (LVMH).
Mr. Arnault, 73, got on board with the company back in 1987. The brands controlled by Mr. Arnault are quite impressive. The brands include Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Sophora, Princess Yachts, TAG Heuer watches, and flagship Louis Vuitton.
All of these brands are more than enough for Arnault to have amassed his fortune and wealth to become the richest person in the world.