New York, USA (CNN) – The head of Tesla and Twitter, Elon Musk, lost his position as the richest man in the world (with an estimated fortune of $ 180 billion), to be surpassed by the Chairman of the Board of Directors of the French luxury goods giant LVMH, Bernard Arnault, whose net worth increased. by more than 50 billion dollars last year, to reach regarding 211 billion dollars.
Forbes explained that Musk’s wealth declined because his $44 billion purchase of Twitter through funding from Tesla shares scared investors and led to a sharp drop in Tesla shares last year.
As for Arnault, Forbes said that the man had a “banner year” in 2022 due to the record profits achieved by the luxury goods group, which includes brands such as Louis Vuitton, Christian Dior and Tiffany & Co.
Amazon founder Jeff Bezos lost the most money of any billionaire on the list at $57 billion, which dropped him from second to third place, and the drop can be attributed to Amazon shares losing nearly 40% of their value last year. .