1. Bernard Arnault & family. Bernard Arnault is the CEO and Chair of LVMH (Moët Hennessy Louis Vuitton) and his net worth is $195.6 billion, meaning Elon Musk was overtaken as the world's richest man in 2022.
Elon Musk, the owner of Tesla SpaceX company, who is of American origin, comes first in the world's Richest man in the world today. If we talk about his total assets, then according to him he has 250 billion-dollar assets.
Now worth $171 billion, Arnault's wealth eclipsed the Tesla CEO's $164 billion fortune on Tuesday, according to the Bloomberg Billionaires Index. Arnault had already ousted Musk from the top spot on Forbes' list of “Real Time Billionaires” last week.
With an estimated net worth of around $139 billion as of December 23, 2022, primarily from his ownership stakes in Tesla and SpaceX, Musk is the second-wealthiest person in the world, according to both the Bloomberg Billionaires Index and Forbes's real-time billionaires list. CEO and product architect of Tesla, Inc.
1 slot on Forbes' list of billionaires As of Wednesday, his net worth was $190.9 billion, some $15 billion more than Musk's $175.8 billion fortune, according to Forbes. This isn't the first time Arnault has topped the list. The CEO has been ranked among the world's top 10 richest people for several years now.
Elon Musk loses title of world's richest person to Bernard Arnault.
Notable Elon Musk business ventures
The title of the world's richest person no longer belongs to Elon Musk.
Elon Musk, who holds the first position as the richest person in the world, if we talk about his total assets, we find that his total assets are around two hundred and fifty billion dollars. According to World Richest Man 2023 Today, Elon Musk's SpaceX-owned rocket company is estimated to be worth around $100 billion.
His estimated net worth is $91.3 billion – but how does this work out per day? Forbes reported a $4 billion increase in Gates' net worth across 2017 to 2018. Working off a yearly wage of $4 billion, this means Gates would earn $10,959,000 per day – that's $456,625 an hour, $7,160 a minute and $127 per second!
Many millionaires, for example, allocate their time differently — they spend more time focusing on personal growth, planning for investments, and working, and less time sleeping. They also gravitate toward similar wealth-building strategies, like saving as much as they can and bringing in multiple income streams.
Forbes estimates it at $3.2 billion as of October 26, 2022, with Trump making much higher claims. Trump inherited wealth from his father, and he has also made money from fundraising, real estate ventures, hotels, casinos, golf courses, and Trump-branded products including neckties and steaks.
That makes Musk the first person ever to lose $200 billion in wealth, Bloomberg reported last week. The bulk of Musk's wealth is tied up in Tesla (TSLA), whose stock plunged 65% in 2022. Demand for Tesla (TSLA)s weakened as competition in electric vehicles from established automakers surged last year.
Elon Musk cofounded the electronic payment firm PayPal, and in 2002 he founded SpaceX, a company that makes rockets and spacecraft. He was a major early funder of Tesla, which makes electric cars and batteries, and became its chief executive officer in 2008. He purchased the social media service Twitter in 2022.
The world's richest man just bought Twitter for US$44 billion – finally – but he also owns Tesla, SpaceX, Neuralink and The Boring Company.
Big institutions now own more than 44% of Tesla's stock. Most of those owners are traditional investment managers. Individuals like Musk only own 14.9%, a vast majority which is Musk himself. The only other large individual investor is Oracle (ORCL) founder Larry Ellison.