Elon Musk is no longer the richest man in the world!

He must give up his place at the top. Elon Musk (51) lost the title of the richest man in the world in December. However, at the beginning of March, he was again in first place. Tesla tycoon’s shares are said to have risen 5.5 percent in recent weeks as he takes over as CEO of LVMH Bernard Arnault (74) title away. But now the situation has turned again.

In accordance with Forbes– List of “real time billionaires”. Ilona Net worth fell $39 billion from last year to $180 billion. This is due to the takeover of social media giant Twitter, which cost it $44 billion and was paid for in Tesla stock. Ilona The decision to make the move is said to have spooked investors, causing the company’s share price to drop significantly and thus Ilona net worth is further damaged. While Tesla recovered much of those losses in the months that followed, the company still hasn’t fully recovered.

The French luxury goods magnate is now number one again Bernard Arnault. It owns some of the biggest brands in the world, including Louis Vuitton, Christian Dior and Tiffany & Co. The wealth of the 74-year-old guy is estimated at 211 billion dollars.