Elon Musk loses 'richest man in the world' title to Bernard Arnault again; internet reacts

Elon Musk has lost title of 'world's richest man' to Bernard Arnault again as share prices of his electric car company Tesla continue to plummet. Musk's net worth currently stands at $177.6 billion, according to Forbes' real-time billionaires list. Arnault (73), on or hand, who is  chairman and CEO of luxury brand Louis Vuitton, has overtaken Musk with a net worth of $189.1 billion. 

According to Forbes, Musk (51) is down at $3.7 billion on Tuesday and is only one who is making losses in top 10 list. Following Musk is Indian industrialist Gautam ani who is currently valued at $134 billion with a gain of $306 million. A report by Fortune revealed that Tesla CEO has lost over $100 billion this year alone as his net worth was valued at $304 billion at start of 2022. Musk's wealth is most of contribution of Tesla shares which fell 3.22% and is tring at a little over $162 on NASDAQ. 

According to Fortune, Musk was propelled to helm as Tesla's shares rose by 4,000% in 10 years after its IPO but it has slumped over 50% less than ir value at beginning of 2022. 

Internet reacts to Musk's wealth decline

Several Twitter users reacted to Musk losing wealthiest billionaire title saying that he would have retained if it wasn't for buying Twitter whereas ors said he might be "living in his yacht" soon. Check out some of reactions below. 

Image: AP