Elon Musk Briefly Loses World's Richest Person Title

December 08, 2022

Story - Jai Pratap

Elon Musk's net worth dipped below $185.4 billion Wednesday, making him the world's second richest person.

Luxury brand Louis Vuitton's boss Bernard Arnault replaced Musk as the world's wealthiest personality.

Musk's net worth took a hit as Tesla's shares continue to fall.

Tesla chief has remained world's richest person since September, 2021 after he surpassed Amazon founder Jeff Bezos.

Elon Musk saw his net worth dip by $200 billion this year alone.

Tesla’s shares have dropped to their lowest level in two years.

Elon Musk earlier completed a $44 billion deal to acquire social media company Twitter.