Elon Max Was Removed From The Position Of The World’s Richest Person

This week, Twitter Elon Musk, the owner of Tesla and SpaceX, has been removed from the position of the world’s richest person.

Now, French luxury goods company LVMH’s chairman and CEO Bernard Autt has surpassed Elon Max to become the world’s richest person. Elon Musk overtook Amazon founder Jeff Bezos to become the world’s richest person since September 2021.

Elon Max’s wealth is closely tied to the value of Tesla stock. Tesla stock lost more than half its value in January alone. Tesla’s stock has also fallen after buying Twitter for $44 billion. Now the world’s richest person, 73-year-old Bernadette’s wealth is $190.1 billion, while Elon Max’s wealth is $181.3 billion.

Bernard owns 48 percent of LUMH, which manufactures and sells luxury brands such as Louis Vuitton and Tiffany.