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Elon Musk Likely to Lose No. 1 Richest Spot; Risk Not From Adani or Bezos

Elon Musk Richest: Tesla CEO Elon Musk is potentially on the verge of losing the tag of being the world’s richest person after facing new competition. Musk retained the top spot for well over an year after becoming the richest in September 2021.

Bernard Arnault, the chairman and CEO of fashion business LVMH, added huge fortunes in recent times with rise in his company’s share price. Over the last 30 days, LVMH stock rose by as much as 8.41%. This brought Arnault to the second spot in the rich list. In fact, the fashion business magnate had for a short period overtook Elon Musk at the top spot on Wednesday.

As things stand, Bernard Arnault is only a few hundred million away from regaining the top place in Forbes rich list. While Musk has a total net worth of $185.30 billion, Arnault is not too far away at $184.70 billion. Whereas infrastructure and commodities giant Gautam Adani has a current net worth of $134.80 billion.

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