Elon Musk is no longer the richest man



 Elon Musk is no longer the wealthiest man in the world after shares in his electric car company Tesla fell, and Bernard Arnault has replaced him.

According to Forbes and Bloomberg, the man who will dethrone Elon Musk is Bernard Arnault, CEO of luxury goods conglomerate LVMH (Louis Vuitton Mot Hennessy).

Elon Musk, on the other hand, is the largest shareholder and chief executive of the Tesla company, and some time ago he bought the social media website Twitter for $44 billion.

According to Forbes, Musk's wealth is $178 billion, while Bernard Arnault's is $188 billion.

According to Dan Ives of investment company Wedbush Securities, the deal made by Twitter has also weighed on Tesla's shares.



"Musk is going from a superhero for Tesla stock to a villain with every tweet he makes on the street," he told the BBC.

The 'Twitter circus show' has hurt Musk's brand and is causing Tesla's stock to plummet. Musk is Tesla, and Tesla is Musk.

Musk secured the purchase of Twitter by selling billions of Tesla shares.

However, you may also be wondering who Bernard Arnault is, who has finally overtaken Musk to become the wealthiest person in the world.