After unseating Tesla inventor Elon Musk, Bernard Arnault, the CEO and chair of LVMH (Mot Hennessy Louis Vuitton), is now the richest person in the world.
Arnault's net worth is $180.8 billion, per the Forbes Real Time Rich List. Following the collapse of Tesla stocks, Elon Musk's net worth decreased to $137.5 billion from about $200 billion.
In the wake of Elon Musk's Twitter takeover and similar internet shenanigans, Tesla has lost 69% of its value. The stock had an 11 percent decline on Tuesday.
The corporation announced its intention to halt operations at its Shanghai factory in China just before the most recent disaster.
Last week, the company also offered US consumers a $7,500 discount to take delivery of its two highest-volume models before year-end, a sign of falling sales.
Gautam Adani of India is the world’s third richest man with an estimated wealth of $123 billion, while Jeff Bezos is fourth with $106.6 billion.
Pmnews
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