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.
