Forbes released the list of the richest men in the world and Elon Musk has lost his top position to CEO of LVMH

The chief executive officer of Louis Vuitton, Bernard Arnault is the richest man in the world at the moment according to Forbes and Bloomberg.

Louis Vuitton is a luxury goods brand that is one of the most sought brands in the world of fashion.

Previously, Tesla Owner, Elon Musk held the position of being the number one richest man but he has been replaced now because of his Tesla shares going down a bit.

According to Forbes, Elon Musk’s net worth is $172 billion. On the other hand, Bernard Arnault’s net worth is $188 billion.

Investors suspect that Tesla’s demand will slow over time because of some crashes and autopilot features. Moreover, with high inflation rates, buyers are not keen in getting expensive cars that require expensive treatments.

Published by Shoaib Shahram

Syed Shoaib Shahram, Senior Journalist with over two decades of experience, in Print, Electronic & Digital Media, invites you on a captivating journey through the world of media. Shoaib has shaped the narrative of his profession, reaching extraordinary heights. Embarked on a remarkable career at PTV. Played a pivotal role in portraying a soft image of Pakistan globally, working alongside former President Pervez Musharraf & esteemed professionals from the USA. Garnered numerous awards, including the prestigious Journalist of the Year accolade in 2021. Shoaib career is an opulent odyssey of excellence and innovation that continues to captivate and inspire. Subscribe to our channel and explore the world of media, journalism, and digital storytelling!

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