“Arno” reshapes the list of the rich.. and “Mask” loses the title of the richest in the world because of Twitter

Elon Musk – head of Tesla, Twitter and SpaceX – lost his position as the richest man in the world, to the chairman of the board of directors of the French company LVMH, Bernard Arnault, whose net worth increased by more than $ 50 billion in the past year to reach about $ 211 billion, according to the Forbes list of the rich. .

And Bernard Arnault jumped for the first time to the top of the “Forbes” list with a fortune of $ 211 billion, after he managed during the past year to add 53 billion to his wealth, “an achievement that no other rich man has ever achieved,” according to Forbes.

And Forbes explained that Musk’s fortune has declined due to his $44 billion purchase of Twitter via financing from Tesla shares, which scared investors and led to a sharp drop in Tesla shares last year.

Also read: The Fed speaks after the employment data … and shocks the markets about the “interest”

Musk’s boss is now the second richest billionaire, with an estimated fortune of $180 billion, $39 billion less than a year earlier.

As for Arnault, he grew richer because of the record profits generated by his group, which includes brands such as Louis Vuitton, Christian Dior and Tiffany & Co.

Meanwhile, Amazon founder Jeff Bezos lost the most money of any billionaire on the list at $57 billion, dropping him from second to third place, as Amazon shares lost nearly 40% of their value. last year.

Larry Ellison, founder of Oracle cloud services and software, came in fourth with a fortune of $107 billion.

Warren Buffett, CEO of Berkshire Hathaway, ranked fifth, with a fortune estimated at $106 billion.

Forbes senior wealth editor, Chase Peterson, confirmed: β€œ2022 was a rare year for the richest of the rich,” as about half of those on the list lost large proportions of their wealth compared to the previous list, so the number of billionaires in the list decreased to 28, and their number became 2640 billionaires, which is the second consecutive annual decrease.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *