Tesla and Twitter owner Elon Musk briefly lost the title of the world’s richest man on Wednesday.
The new richest man in the world for less than an hour on Wednesday was Bernard Arnault, the chief executive of luxury brand Louis Vuitton’s parent company LVMH. Arnault’s family took the title with a personal wealth of $184.7 billion, according to Forbes.
Musk had held the title of the world’s richest man for over a year. As of Wednesday, he has a real-time net worth of $184.9 billion.
ELON MUSK FIRES TWITTER’S GENERAL COUNSEL FOR SUPPRESSION OF HUNTER BIDEN STORY
Arnault was born on March 5, 1949, to an industrial family in Roubaix, France, and became CEO of LVMH in 1989, which he has served since then. He is married and has a total of five children.
Musk’s brief dethroning as the world’s richest man comes after he purchased Twitter earlier this year, which came with a hefty price tag of $44 billion. Since his acquisition of the platform, many changes and revelations have occurred, including advertisers leaving Twitter and Musk unveiling new details on Twitter’s suppression of the story on Hunter Biden’s laptop.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
Other billionaires listed on Forbes’s richest people include Adani Group Chairman Gautam Adani at $134.8 billion, Amazon founder Jeff Bezos at $111.3 billion, and Berkshire Hathaway CEO Warren Buffett at $106.4 billion.
