ELON MUSK LOST THE TITLE OF RICHEST MAN IN THE WORLD

Elon Musk has lost his title as the richest man in the world to multibillionaire Bernard Arnaut, the chairman of the iconic fashion label Louis Vuitton, as a result of recent events and losses incurred with the most recent investments on Twitter.

The Tycoon began to calculate losses after spending a lot of money on the significant changes made to Twitter’s management structure. As a result, the Elon Musk was forced to incur significant losses, which benefited Arnaut and helped him become the world’s richest man with a net worth of $223.1 Billion.

Bernard Arnaut, aged 74 lives in Paris and is the CEO and Chair of LVMH, the worlds largest luxury goods company including Louis Vuitton, Hennessey Marc Jacobs and Sephora.

Most of his wealth is acquired through the Christian Dior which is the most profitable of them all and controls 41.4% of LVMHWRGYKWRGYKWRGYK

While Arnauts Father made his fortune in construction, Bernard took a bold move and invested $15Million to acquire Christian Dior and that is where most of his wealth comes from.

He also began making investments in recently profitable businesses like TikTok and Netflix, which increased his wealth and put him in a close financial race with Elon Mask.

The merchant also has shares in Marc Jacobs and Sephora through Moelis & Company.