Monday, February 26, 2024

Elon Musk’s reign ends, this person snatches the number one chair

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The way Elon Musk’s wealth was declining due to the fall in Tesla shares. There were speculations that Elon Musk could lose the position of the world’s richest businessman at any time. That’s done. French businessman Bernard Arnault has become the richest businessman in the world. According to Forbes Real Time Billionaires, Bernard’s wealth is more than that of Elon Musk by 3 billion dollars. Let us also tell you how much wealth both of them have acquired.

elon musk backward

America’s richest businessman Elon Musk had now slipped from the position of the world’s richest businessman and reached the second position. He has been left behind by French businessman Bernard Arnault. According to Forbes Real Time Billionaires, Elon Musk’s total wealth has come down to $204.7 billion. Whereas Bernard Arnault’s total wealth has reached 207.6 billion dollars. There is a difference of about 3 billion dollars between the two businessmen. On the other hand, Jeff Bezos’s total wealth is $181.3 billion and he is the third largest businessman in the world.

Reason for Musk’s lagging behind

The reason for Elon Musk’s lagging behind is the decline in Tesla shares. In the last one month, Tesla shares have seen a decline of about 28 percent. Due to which there has been a decline of more than 200 billion dollars in Tesla’s valuation. The effect of which has been seen in the total wealth of Elon Musk. During this period, Musk’s net worth has declined by about 40 billion dollars. This is the reason why he has slipped from the first position to the second position.

Where are Adani and Ambani

On the other hand, the total wealth of Asia’s richest person Mukesh Ambani has come to $104.4 billion. On the other hand, Gautam Adani’s total wealth is at 75.7 billion dollars. For some time now, the increase in the net worth of Ambani and Adani has been seen due to the growth in the companies of both. The special thing is that no Chinese billionaire is even in the top 20. China’s Jong Shanshan is the 22nd richest businessman in the world with $61.3 billion.

 

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