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    Vikshita Vitthal Gujaran in News

    08-Dec-2022 10:39 AM


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    Elon Musk briefly loses title as world's richest person to LVMH's Bernard Arnault - Forbes

    Elon Musk Twitter owner and Tesla (TSLA.O) boss Elon Musk briefly lost his title as the world's richest person on Wednesday, according to Forbes, following a steep drop in the value of his stake in the electric-car maker and a $44 billion bet on the social media firm.
    2 with a personal wealth of $185.3 billion, according to Forbes.
    Musk took over the title from Amazon.com (AMZN.O) founder Jeff Bezos.
    Musk closed the deal for Twitter in October with $13 billion in loans and a $33.5 billion equity commitment.
    Besides Tesla, Musk also heads rocket company SpaceX and Neuralink, a startup that is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers.
    Source - Money Control